According to Gayeski, Bitcoin May Have A Supply Shock

According to Troy Gayeski, Head of Information Systems at SkyBridge Capital, Bitcoin may have a supply shock.

Troy Gayeski, Information Systems manager of SkyBridge Capital, which has $7.5 billion in assets under its management, answered questions about the status of Bitcoin in a program he participated in Bloomberg. Stating that those who hold Bitcoin have proven themselves again compared to those who entered the market last year, Gayeski stated that he expects a supply shock in the leading cryptocurrency and said: “I think Bitcoin will remain the market leader as a store of value.”

Be Prepared for a Supply Shock

Gayeski said the following in case of a supply shock in Bitcoin: “When we look at the on-chain data, we see that strong Bitcoin investors have proven themselves again and entered the market last year and then accumulated the coins they bought from the sellers. I think there may be a supply shock like it was in October and November last year. The market should be ready for it.” Gayeski continued: “Yes, it's a volatile asset, but the risk-reward curve has turned upwards again. Active asset management requires being able to identify assets with asymmetric risk-reward graphs as well. Today we still see record money supply and 10-year yields still very low. Adoption is also increasing day by day.”