Institutions have purchased 690,710 bitcoins this year, while only 109,072 bitcoins have been mined during the same period.
According to a report by Jinse Finance, a chart released by Bitcoin Archive shows that institutions have purchased 690,710 bitcoins (BTC) this year, while only 109,072 bitcoins (BTC) have been mined during the same period—data source: Bitwise. This means that demand is six times greater than supply.
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