One of the main premises that support the thesis of most crypto market analysts, who expect an increase in the price of Bitcoin. It is that the demand for the cryptocurrency will continue to increase at the same rate as until now, or at a higher rate. What, together with the decrease in the offer after the Halving, will lead to an increase in the price. And just this is what Scott Melker seems to confirm in the Tweet of the day, when he says that the Bitcoin market continues to receive fresh money.
Fresh money in the market
Bitcoin’s third Halving is considered among the crypto community as a defining moment for the future of the cryptocurrency. And it is that, for the majority of the crypto influencers in the world, including Changpeng Zhao, Anthony Pompliano and the tweeter known as PlanB.
The inevitable result of the cut in the rewards received by the miners of the chain, will be an increase in the price of BTC.
However, in recent weeks a different possibility has begun to be considered than what everyone expects. Well, what if the Bitcoin market never takes off? That is, if its current stagnation status, around $ 10,000, is maintained indefinitely over time.
This is a possibility that important figures of the crypto world such as Vitalik Buterin have considered. But that has been constantly refuted by analysts from the crypto world.
Those who argue that there are enough signs that the Bitcoin market is going to take off sooner or later. As is the case with Scott Melker, one of the most important crypto influencers. Who commented through his Twitter account:
“Grayscale is buying a lot more Bitcoin than it is mining, but people keep saying “there is no new money in the market“
With this message, Melker refers to the purchases of the investment fund Grayscale. Which serves as an intermediary between institutional investors and the crypto market. Acquiring in recent weeks the equivalent of 150% of the daily issue of BTC. Boosting demand, and maintaining hopes for a bitcoin price rise.