Venture Capital Investor: Bitcoin to Face Supply Shock in 2020
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June 15, 2019
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Well-known venture capital investor Alyse Killeen said in an interview with Bloomberg that bitcoin (BTC) will definitely face a supply shock in 2020.

Killeen is also an author within the international group that collaborated to publish the Handbook of Digital Currency: Bitcoin, Innovation, Financial Instruments, and Big Data (Elsevier 2015).

The investor claims there is an anticipation of a coming supply shock in 2020 since next year the crypto community will get just half the daily supply of bitcoin that it has now.

"While we are looking ahead to this supply shock and halvening event, we are also seeing greater demand for bitcoin and new on-ramps for more familiar and conventional sources. There is the anticipation that there will be a broader group of users and consumers who have an appetite for bitcoin," Killeen added.

Meanwhile, bitcoin sees a great rally as it has gained +4,31% within 24 hours and is trading at $8,824.

Earlier, Bakkt made an announcement, according to which, it will accept a limited number of users for testing its bitcoin futures listed and traded at ICE Futures U.S. and cleared at ICE Clear U.S.

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