Discover and read the best of Twitter Threads about #demandandsupply
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1/ At current prices, top 5 PoW coins (BTC, ETH, ZEC, BCH, LTC) are creating about USD 22 million in coins every day, USD 8 billion a year. BTC represents 56% of that total, while ETH represents 30%. Given current depressed prices, can be assumed ALL are being sold. #mining
2/ Miners, together with exchanges and ICOs, need to sell their coins to fund their operations. These market participants represent natural sellers. Combine that with the relative absence of new crypto investors, and you have the reason for prices crashing. #DemandAndSupply
3/ Given the dearth of new retail investors, crypto has been looking towards the infamous influx of institutional investors to save the day, the institutional investors that are not coming. Hence the importance of an ETF & its likely upcoming rejection. hackernoon.com/cboebitcoinetf…
