The post Demand for $BTC is 10X the Supply; $GFOX Presale 98% Sold Out appeared on BitcoinEthereumNews.com.

When markets start climbing, general wisdom dictates that there are more buyers than sellers. Institutional investors have woken up to the value proposition of fixed monetary policy in an era of incessant money printing. Digital assets have broken well into the mainstream, and demand for Bitcoin ($BTC) is 10X the supply. Projects with solid tokenomics models are getting repriced as everyone wants to own tokens with fixed or deflationary supplies- these are the top cryptos to buy right now. The Galaxy Fox ($GFOX) presale is 98% sold out as early investors bet on a massive price squeeze post-launch. And the $BTC/ memecoin portfolio build looks primed to outperform markets. Bitcoin ($BTC): Demand Outstrips Supply Demand for $BTC is red hot, and the inflows from ETFs keep pumping the numbers. ETF issuers already own 3.5% of the circulating supply, and the massive imbalance between demand and supply is only set to get worse post-halving. What does this mean for existing holders? More upwards price action. Michael Saylor stated in a CNBC interview, ‘There’s ten times as much demand for Bitcoin coming into these ETFs as there is supply coming from the natural sellers who are the miners.’ Institutional investors want $BTC exposure, and alongside $BTC rallying, mining stocks are pumping, and Coinbase ($COIN) is soaring after its quarterly earnings release. This massive imbalance between supply and demand means Bitcoin is a top crypto to buy now, especially before the halving when issuance will get cut in half. Galaxy Fox ($GFOX) Presale 98% Sold Out Galaxy Fox’s presale is already 98% sold out, and this nascent hybrid protocol has raised over $3.3 million in the space of several weeks. Is it the front-runner among the top cryptos to buy right now? Investors are flooding into this presale for two reasons. First, Galaxy…

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Filed under: News - @ February 18, 2024 12:14 pm