Bitcoin Rally Fueled by Post-Halving Supply Shock, Says Onramp’s Jesse Myers

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Bitcoin Rally Fueled by Post-Halving Supply Shock, Says Onramp’s Jesse Myers Bitcoin’s (BTC) recent rally can be attributed to a post-halving supply shock, rather than political developments like the recent U.S.presidential election, according to Jesse Myers, co-founder of Onramp Bitcoin.

This scarcity has created a supply shock that has driven up demand, as Bitcoin’s supply constraints make it increasingly valuable at current price levels.

By aligning with Bitcoin’s intrinsic supply mechanics, investors and traders can better anticipate market cycles, reducing the impact of short-term events and focusing on long-term trends.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Bitcoin News Bitcoin Rally Post-Halving Supply Shock

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 16:15:43 (22 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 840 words

Reading Time: 5 minutes read

Sentences: 38 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23556514

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 20 posts per day

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News Last Updated: 8 hours ago

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