Bitcoin's Supply Shock: Could It Send BTC to $200K?

"it looks like Bitcoin is on track to experience a supply crunch that could send its price parabolic in the coming months like silver in the 1980s"

"the answer to the former ultimately depends on how much investors are willing to huddle Bitcoin as its price continues to climb"

"a central bank announcing that it's holding Bitcoin which could happen in the coming months"

"the catalyst that makes investors see Bitcoin as a safe haven asset could be as straightforward as Bitcoin decoupling from stocks for a sustained period of time something that could also happen again in the coming months"

"the fact of the matter is that more and more of Bitcoin supply is flowing from the weak hands to the diamond hands and this means that there's less and less liquid Bitcoin and that means that a supply crunch is likely inevitable regardless of what happens in the coming months"

"investors are likely to take profits ahead of 200K and that's just because it's another key psychological level meaning Bitcoin could top somewhere around 180K"

"conversely Wales could push Bitcoin's price above 200K to suck in investors looking for that 300K plus level"

"we estimated that we could see up to 1 million BTC wrapped on various chains in this cycle assuming a Bitcoin price of over $100,000 or more that could work out to a whopping $100 billion of BTC or more being used as collateral"

"this could translate into tens of billions of dollars of stable coins being borrowed and invested into altcoins notably both of these figures could be much higher if more investors start seeing Bitcoin as a safe haven asset"

"bitcoin rallies way more than expected in this cycle because of the supply crunch and rallies less in the next cycle both because the same amounts of leverage demand won't be possible and because the supply effects were pulled forward"