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Bitcoin's Supply Crisis: ETFs Consume 272% More Than Miners Can Produce!
US spot Bitcoin ETFs accumulated a staggering 51,500 BTC in December 2024, nearly tripling miner production, sparking a supply shock and driving Bitcoin prices to an all-time high of $108,135.
Steven Walgenbach
January 07, 2025
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Breaking Crypto Stories
Here are the top stories today:
Bitcoin ETFs Scooped up Almost 3X More BTC Than Produced in December
US Crypto Excitement Akin to ‘Space Race’ Under Trump: TRM Labs Exec
South African Crypto Leaders Demand for Revision of Regulation 28 To Permit Digital Asset Investments
OpenAI CEO Predicts AI Agents Could Enter Workforce in 2025 as AGI Advances
Crypto ETPs See Strong Start to 2025 After Record-Breaking 2024
Question of the Day
What crypto are you watching for 2025?
In December 2024, US spot Bitcoin ETFs accumulated around 51,500 BTC, significantly outpacing the 13,850 BTC added to the circulating supply by miners.
US spot Bitcoin ETFs accumulated approximately 51,500 BTC in December 2024, nearly three times the 13,850 BTC produced by miners, signaling a strong demand surge.
Bitcoin reached an all-time high of $108,135 on December 17, driven by ETF demand and supply shortages, with experts predicting further price momentum in 2025.
Major Bitcoin miners like Marathon Digital (9,457 BTC) and Riot (516 BTC) reported December production increases, but total output remains far below ETF-driven demand.
Recent pro-crypto political appointments in the US, including key figures like Scott Bessent and Paul Atkins, have spurred optimism that the country could lead the global digital asset industry, with developments in Bitcoin usage and stablecoins driving innovation.
Key appointments in the US government, such as Scott Bessent as Treasury Secretary and Paul Atkins as SEC Chair, signal a supportive stance toward digital assets under Donald Trump's administration.
Beyond Bitcoin as a store of value, fintech companies like Stripe and Cash App are adopting stablecoins for large-scale payments, highlighting the growing practical applications of blockchain technology.
Analysts predict Bitcoin’s price will climb higher, with incentives like a strategic Bitcoin reserve and the ongoing price discovery phase fueling market optimism.
South African cryptocurrency leaders are advocating for reforms to Regulation 28 to allow pension funds to invest in digital assets.
South African crypto leaders, including VALR CEO Farzam Ehsani, advocate for amending Regulation 28 to allow pension funds to invest in digital assets, citing opportunity costs of the current restrictions.
Proponents highlight global trends, such as U.S. pension funds' inclusion of Bitcoin ETFs, arguing that South Africa risks falling behind in financial innovation without regulatory updates.
While concerns like volatility and infrastructure costs remain, supporters emphasize the potential for portfolio diversification, enhanced returns, and alignment with the evolving global financial landscape.
OpenAI CEO Sam Altman predicts that AI agents could enter the workforce in 2025, marking a significant step toward achieving artificial general intelligence (AGI) and superintelligence.
OpenAI CEO Sam Altman predicts the arrival of AI agents in the workforce by 2025, marking a significant milestone toward artificial general intelligence (AGI) and superintelligence.
AI agents, capable of autonomous decision-making and multi-step reasoning, are expected to revolutionize industries, accelerate innovation, and boost global prosperity.
While AI’s potential is vast, concerns about workforce displacement, ethical implications, and societal impact underscore the importance of responsible development and deployment.
Crypto ETPs started 2025 strong with $585M inflows, following a record-breaking 2024 driven by Bitcoin ETFs and surging institutional interest.
Crypto ETPs began the year with $585 million in inflows within the first three trading days, following a record-breaking 2024 that saw $44.2 billion in inflows, driven by the launch of U.S. spot Bitcoin ETFs.
Bitcoin ETPs led 2024’s growth with $38 billion in inflows, while Ethereum products saw a resurgence, closing the year with $4.8 billion in inflows, reflecting growing institutional interest in these assets.
The U.S. led global inflows in 2024, while Canada and parts of Europe faced outflows. Experts predict further innovation and mainstream adoption in 2025, including potential Solana ETFs and advancements in AI trading.
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