Bitcoin Institutional Demand Surges Past $23B, Triggering Supply Shock Concerns

  • Bitcoin has soared past $104,000 amid the ongoing bull run, driven largely by skyrocketing institutional demand. Bitwise CIO Matt Hougan recently revealed on X that year-to-date (YTD) demand for Bitcoin among public companies, ETFs, and governments now exceeds 227,000 BTCmore than triple the new BTC supply of 58,109 coins.