Digital Coin News

No concerns over Bitcoin halving supply shock, says Bitvavo CEO

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

Bitvavo CEO Mark Nuvelstijn believes that prices will adjust to meet demand for Bitcoin if there is a surge in demand during the next mining reward halving scheduled in 2024.

The CEO of Dutch cryptocurrency exchange Bitvavo believes market dynamics will cater for the potential skyrocketing demand for Bitcoin in 2024.Supply and demand dynamics could mitigate concerns of a potential Bitcoin market supply shock during the upcoming mining reward halving in 2024, according to Bitvavo CEO Mark Nuvelstijn.

“As a platform we’re agnostic to that. We are just matching buy and sell orders to make trades possible. If there’s a lot of demand for Bitcoin, it’s only a good thing for the sector.” Bitvavo has seen an increase in web traffic as well as customers visiting their platform and using their app. The exchange has onboarded new customers as well, while Nuvelstijn added that these numbers were still short of the levels it saw in 2021:

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Ricardo Salinas Interview: Billionaire Says 'Buy Bitcoin, Sell Bonds, Reject Inflation'Bitcoin Magazine sits down with Ricardo Salinas, chairman of Mexican media giant TV Azteca, to discuss his outlook for Bitcoin and why he believes it will reshape finance.
Source: BitcoinMagazine - 🏆 461. / 53 Read more »

Bitcoin (BTC) Remains Strongest Asset for Institutions: MicroStrategy's Michael Saylor ShowsBitcoin dominates significantly over traditional assets, data shared by Michael Saylor shows
Source: Utoday_en - 🏆 295. / 63 Read more »

Bitcoin (BTC) Whales Aggressively Accumulating: On-Chain DataBitcoin not yet as overheated as it was during prior bull markets, despite reaching yearly highs
Source: Utoday_en - 🏆 295. / 63 Read more »

Bitcoin options data highlights traders’ belief in further BTC price upsideBitcoin option traders’ use of neutral-to-bullish strategies explains the recent BTC price action.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Financial Freedom And The Fight Against CensorshipBitcoin Amsterdam saw much discussion on the topic of censorship and tools to route around it.
Source: BitcoinMagazine - 🏆 461. / 53 Read more »