![]() Equilibrium analysis suggests that a clearing price is $140,000 to $180,000, before the April 2024 halvening," Fundstrat said. USD is being traded at 869 in Black Market (Lagos) today, Monday, July 24, 2023. ![]() The implied equilibrium price would need to rise so daily supply matches daily demand. "This would bring daily demand to $125 million, while daily supply is only $25 million. That increase, combined with the April 2024 halving set to slash daily mining rewards to $12 million, means the price of bitcoin would have to rise substantially to meet an equilibrium among buyers and sellers. South African Rand, 3.0435, 3.1044 Canadian Dollar, 37.5163, 38.2666 Danish Kroner, 7.3939, 7.5418 Kuwaiti Dinar, 170.1664, 173.5697 Pound Sterling, 67.0151. The investment research firm said that while bitcoin's daily demand of about $25 million is equivalent to daily mining rewards of about $25 million, that could change with the potential launch of a bitcoin ETF.Ī bitcoin ETF could add an extra $100 million in incremental daily demand for bitcoin, according to the note. ![]() The price of bitcoin could soar 521% from current levels to $180,000 before the cryptocurrency's scheduled halving in April 2024, according to a Monday note from Fundstrat. ![]()
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