Bitvavo CEO: Bitcoin Supply and Demand Will Balance Halving Concerns

Bitvavo CEO Optimistic About Bitcoin Supply and Demand Dynamics

Mark Nuvelstijn, Bitvavo CEO, believes that the supply and demand dynamics in the Bitcoin market will help mitigate concerns of a supply shock during the 2024 mining reward halving.

He expects that exchanges will have sufficient Bitcoin supply to meet user demand, and increased demand will drive prices higher until they stabilize. Nuvelstijn also debated the potential impact of Bitcoin ETFs on the market. Also, Bitvavo's expansion plans into European markets are enabled by the EU's MiCA regulation.