From Cointelegraph

November 11, 2024 10:23 PM:

Bitcoin’s recent surge is attributed to a post-halving supply shock, not Trump’s election win. The halving cut block rewards, leading to a supply shortage. ETFs have increased demand, with 13,940 BTC bought in a day compared to 450 BTC mined. Analysts predict prices will go much higher.

Bitcoin’s market cap compared to gold’s indicates its scarcity, with only 1.2 million BTC left to be mined. Scaramucci suggests it’s not too late to invest in Bitcoin, as institutional adoption and strategic reserves are expected. 94% of Bitcoin is already in circulation or lost, increasing supply pressure.

Read more at Cointelegraph: Trump isn’t the only ‘story’ driving Bitcoin’s price higher, says exec