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TechFlow news, on October 22, economist and cryptocurrency critic Peter Schiff posted on X platform stating that Bitcoin supply growth cannot focus solely on mining output; the most important factor is also the supply from existing holders who want to sell. Currently, most Bitcoin holders are not selling, but once holders decide to sell, the supply of Bitcoin in the market will surge. If demand does not increase, prices will plummet.
Economist and cryptocurrency critic Peter Schiff posted on X, stating that Bitcoin's supply growth cannot be measured solely by mining output; the most important factor is the amount of supply existing holders are willing to sell. Currently, most Bitcoin holders are not selling, but once they decide to sell, the market's Bitcoin supply will surge dramatically. If demand does not increase accordingly, prices will plummet.
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