Max Keiser, a prominent Bitcoin supporter, who now serves as a BTC advisor to the EL Salvador president, Nayib Bukele, has taken to his X account to share an important forecast with his social media community.
Keiser has joined the cohort of those Bitcoin maximalists, who predict a Bitcoin supply shock approaching. Among those is also the famous $1 million Bitcoin advocate, JAN3 CEO Samson Mow.
Keiser predicts Bitcoin supply shock, joining Samson Mow
Earlier today, Keiser tweeted that, according to his calculations, Bitcoin is definitely going to face a supply shock: “I’ve done the math. A Bitcoin supply shock is imminent.” He added a “rocket” emoji to his tweet, hinting that he expects BTC price to skyrocket once it happens.
Keiser’s and Mow’s predictions are based on the hard Bitcoin cap of 21 million coins, of which almost 20 million have been mined already. Every four years, Bitcoin undergoes an event programmed by its mysterious creator, Satoshi Nakamoto, called “halvings.” During every halving, the Bitcoin reward received by miners for generating a new block gets slashed by half, hence a halving or a halvening. On April 20 last year, the fourth halving took place and the block reward now constitutes 3.125 BTC.
In 2028, the next halving will take place, with the amount of Bitcoin injected into circulation going down 50% again. Mow made the Bitcoin supply shock prediction back in January 2024, when the spot BTC ETFs were approved by the SEC under the leadership of its previous chair, Gary Gensler.
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Bitcoin demand shock vs. supply shock
Back then, Mow stated that he expected not only a Bitcoin supply shock but a BTC demand shock as well, seeing them clashing in the near future. The supply shock would come from the halving, he said, while the demand one would be created by the ETFs absorbing Bitcoin really quickly. Over the past year, they have accumulated Bitcoin worth billions of dollars with BlackRock’s iShares ETF IBIT as the leader.
Besides, Michael Saylor’s Strategy continues to accumulate Bitcoin, constantly raising additional funds through offering convertible debt to investors. Now Strategy holds more than half a million BTC, coming just second in terms of Bitcoin holdings after BlackRock’s ETF.
Besides, more Bitcoin treasury companies have emerged, including Metaplanet and ProCap BTC just founded by Bitcoin supporter and VC investor, Anthony Pompliano.
