VanEck "Companies, Bitcoin (BTC) accumulation surges… market influence greater than miners"
JH Kim
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- VanEck said companies' accumulated Bitcoin (BTC) amount this year is more than five times that of last year.
- It forecast that companies' accumulation would reach 1,000,000 BTC by year-end, and said this makes companies' market influence larger than miners'.
- The report indicated that the BTC expected to be mined until the next halving is only about 330,000, and that it would take nearly a century to mine the same amount thereafter.
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According to crypto asset (cryptocurrency) specialized media U.Today on the 28th (local time), asset manager VanEck said in a report that more companies than expected are rapidly accumulating Bitcoin (BTC).
According to the report, the amount of BTC companies have accumulated this year is 638,617 so far, which is more than five times last year's total accumulation of 120,290.
VanEck forecasts corporate accumulation will reach 1,000,000 BTC by year-end, and analyzed that this suggests companies' influence on the BTC market is becoming greater than miners'.
The report also expected that the amount of BTC expected to be mined until the next halving is about 330,000, and that mining the next 330,000 would take nearly a century.
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