Big Bitcoin prediction, OKEx spooks markets, Ripple exec's big mistake

Bitcoin exchange reserves have also continued to plummet, indicating there's a shortage of sellers or a lack of trust in centralized platforms.

JPMorgan Chase experts believe Bitcoin is slightly overvalued.

In the immediate aftermath of Friday's statement, Bitcoin fell nearly 3%, while OKEx's native token, OKB, crashed 15%. According to Caixin, OKEx founder Mingxing Xu - also known as Star Xu - was the executive who was questioned by authorities.

Prediction of the WeekCould there be a massive Bitcoin shortage?

Rapid growth of institutional investments in crypto has prompted 10T Holdings co-founder Dan Tapiero to warn that shortages of Bitcoin could be on the horizon.

Institutional demand surged rapidly after March when Bitcoin suffered one of its steepest falls in recent history.

The speculation about a potential supply-side crisis around Bitcoin also coincides with the post-halving cycle.

Bitcoin went through its third halving on May 11, and historically, halvings lead to extended bull runs in the two years that follow.

The exchange lost a total of 1.35 million Bitcoin in two hacks in 2011 and 2014.

The next big treasure: Corporations buy up Bitcoin as a treasury reserve.