From Yahoo Finance: 2025-05-03 12:13:00

Bitcoin’s scarcity is in the spotlight as demand for the digital asset grows rapidly. Bitwise CEO Hunter Horsley emphasizes the limited supply, highlighting market dynamics. Public companies like Strategy and Tether continue to acquire significant amounts of BTC, driving the scarcity narrative. Experts predict bullish pressure on Bitcoin’s price due to high demand.

Bitwise CEO Hunter Horsley predicts a shortage of Bitcoin, with only 21 million BTC available. Around 165,000 BTC will be mined this year, but public companies acquired 95,000 BTC in Q1 alone. Fundstrat’s Tom Lee sees supply vs. demand dynamics as positive for Bitcoin’s price. Demand for Bitcoin remains high, with new ventures like Twenty One acquiring billions worth of BTC.

Bitwise investment chief Matt Hougan notes that spot Bitcoin ETFs have seen $3.3 billion in inflows. Bitcoin’s role as a store of value and hedge against market uncertainty gains traction, decoupling from traditional equities. Strategy Chair Michael Saylor believes there is significant capital waiting to enter Bitcoin once banks endorse it. Regulatory bodies rescind guidance against banks holding cryptocurrencies, signaling growing acceptance.

Bitwise maintains its prediction that Bitcoin will reach $200,000 by year-end amid surging demand. Despite idling near $95,000, the asset continues to attract investors. Regulatory bodies are adjusting their stance on cryptocurrencies, opening the door for increased adoption. Experts foresee a bright future for Bitcoin as demand and scarcity drive its value higher. 1. In a groundbreaking discovery, scientists have found evidence of water vapor on a distant planet outside our solar system. This finding suggests the potential for habitable conditions on the planet, opening up new possibilities for the search for extraterrestrial life.

2. The stock market experienced a significant drop today, with the Dow Jones Industrial Average falling over 500 points. Investors are concerned about the impact of escalating trade tensions between the US and China, leading to a sell-off in major stocks.

3. A new study has revealed that eating a diet high in processed foods is linked to a higher risk of heart disease and early death. Processed foods, such as sugary snacks and fast food, were found to increase the likelihood of developing cardiovascular problems.

4. The United Nations has declared a state of emergency in Yemen, where millions of people are facing severe food shortages and malnutrition. The ongoing conflict in the country has disrupted food supplies, leaving many Yemenis at risk of starvation.

5. Researchers have identified a new species of dinosaur in Argentina, named “Llukalkan aliocranianus.” This carnivorous dinosaur had a unique skull shape and is believed to have lived during the Late Cretaceous period. The discovery sheds light on the diversity of dinosaurs in South America.

Read more: Here’s Why Bitwise CEO Says ‘There’s Just Not Going To Be Enough Bitcoin For Everyone’