Institutional demand for Bitcoin this year is three times greater than supply

An analysis has revealed that demand for Bitcoin from institutional investors has exceeded supply during the same period this year. Matt Hogan, Bitwise Chief Investment Officer, said, "This year, governments and
Institutional investors purchased a total of 227,286 bitcoins, attracting demand of more than $23 billion. During the same period, the total number of bitcoins mined worldwide (58,109) was 1.
"Many institutions have recently adopted Bitcoin as a strategic reserve asset," he said, adding, "Strategy (formerly MicroStrategy) and MetaPlanet
are also increasing their bitcoin holdings."