Bitcoin’s Supply on Exchanges Could Run Out in Nine Months, With $BTC Set to Become Twice as Rare as Gold

Bitcoin is on the verge of experiencing a surge in value as the available supply on centralized exchanges is predicted to run out in nine months. This scarcity will be further compounded by Bitcoin’s upcoming halving event, which will make it twice as rare as gold. With only 2 million BTC left on exchanges, the report suggests that around 7,142 BTC will be leaving exchange reserves daily, resulting in a supply squeeze that could propel the price to new record highs. Unlike gold and other commodities, Bitcoin’s scarcity increases after each halving as fewer tokens are produced. The halving event will cut the supply of newly minted Bitcoin in half, reducing the coinbase reward for miners. Currently, Bitcoin’s stock-to-flow ratio is around 56, but after the halving, it will double to 112, surpassing gold’s stock-to-flow ratio of 60. This news comes as demand for Bitcoin has surpassed supply for the first time ever, according to data from CryptoQuant. With these factors in play, Bitcoin’s value is likely to continue its upward trajectory.