Willy Woo highlights balance between mined and synthetic Bitcoin
@woonomic: Willy Woo on Bitcoin supply
In a recent tweet, Willy Woo draws attention to the current dynamics between mined and synthetic Bitcoin supply.
Woo highlights that every ten minutes, 3.125 newly mined Bitcoins enter circulation. Simultaneously, an estimated 1.15 synthetic Bitcoins are created through paper bets. This comparison underscores the complex interplay between physical and derivative forms of Bitcoin in the cryptocurrency market. Woo's insights remind investors and analysts alike to consider the broader implications of synthetic Bitcoin on price and availability.
Loading...
Woo’s observations arrive amid ongoing speculation about Bitcoin’s long-term value trajectory and its interplay with macroeconomic forces. These dynamics recall his earlier projection that Bitcoin could reach $20 million per coin should the U.S. dollar retain its dominance. Additionally, Woo’s commitment to unpacking the implications of global trends for cryptocurrency markets was underscored in his recent live briefing on macro and Bitcoin markets, where he invited rigorous analysis of both on-chain and synthetic movements.
In the previous news, tweet author Willy Woo discussed the role of research in understanding cryptocurrency developments. Read more.
