Supply & Demand 101: Bitcoin Edition

by | Feb 29, 2024

Anyone remember how Jeffry’s been talking about Bitcoin ETFs for the past year?

And predicting that they would soak up 10-15% of the liquid Bitcoin supply from the market?

With the approval of 13 Bitcoin spot ETFs in early January, it looks like that scenario is finally starting to play out in a big way.

As supply goes down — even if demand stays flat (which it’s definitely not, but more on that in a moment) — price goes up.

Those Bitcoin ETFs are now rocking and rolling with major inflows.

It seems everything is unfolding as Jeffry has predicted for us many times over the past year.

The popularity of the Bitcoin ETFs combined with the upcoming Bitcoin halving — which will cut supply even further — is sure to send Bitcoin surging over the next few months.

Already yesterday, it came remarkably close to all time high levels it hit back in 2021.

And Jeffry’s talked about his expectation that Bitcoin will surge past the six figure level over the next 12-18 months.

Tune in to yesterday’s Morning Monster at 2:15 to hear the full discussion.

And don’t forget to subscribe to Jeffry’s YouTube channel (completely FREE) to get his latest updates every weekday morning.

— The Jeffry Turnmire Trading Team

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