As ETFs, private entities and countries accumulate bitcoin at an “alarming rate,” the bitcoin price could surge past $69,000 soon.
As large public companies, financial products, countries and other large entities, continue to accrue bitcoin at growing rates, diminishing available supply of the asset could be largely responsible for its 22% price gains in the last month. And it could soon drive a new all-time price high.
Source - TheStreet Crypto