![]() ![]() ![]() Equilibrium analysis suggests that a clearing price is $140,000 to $180,000, before the April 2024 halvening," Fundstrat said. The implied equilibrium price would need to rise so daily supply matches daily demand. 1.00000 USD 55.06670 ETB Mid-market exchange rate at 03:27 UTC Track the exchange rate Spend abroad without hidden fees USD to ETB conversion chart 1 USD 55. The cost of 1 United States Dollar in Ethiopian Birr today is 55.03 ETB according to the Open Exchange Rates, compared to yesterday, the exchange rate increased by 0.01 (by +0.0029 ETB). ![]() "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. 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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