List of Bullish Bitcoin Factors 'Normies' Unaware of Shown by Samson Mow

Hardcore Bitcoin supporter Mow shares list of bullish Bitcoin factors that people who don't hold crypto do not know aboutDisclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies.

This list includes the supply-demand imbalance for the world’s leading digital currency, the approaching Bitcoin halving in April . Mow says that"normies" are unaware of Bitcoin’s limited supply of 21 million. What none of them are also aware about is theSamson Mow expects to happen . The list also includes the average net inflows of approximately half a million worth of BTC for the issuers of spot Bitcoin ETFs.

According to a recent tweet published by the @lookonchain blockchain sleuth, on Friday, Feb. 16, eight out of the eleven spot Bitcoin ETFs accumulated a mind-blowing amount ofequal to $701,800,000. BlackRock’s share of the accumulated Bitcoin here totaled 6,380 BTC worth $332.7 million, and Fidelity’s was 3,228 BTC evaluated at $168 million.These two are the largest Bitcoin ETFs among the 11 ones approved by the Securities and Exchange Commission on Jan. 11.

This above-mentioned figure surpassed the biggest inflow seen earlier this week, $600 million. Bitcoin ETFs are buying roughly 12x of the daily issued Bitcoin supply.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets.

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