Mainstream investors – whether at the individual or institutional level – to date have not had a “high bandwidth” compliant channel for putting money into bitcoin, said Saylor, and that’s all about to change with the spot ETF. This new vehicle, argued Saylor, is going to drive a demand shock for bitcoin which will soon be followed by a supply shock in the form of April’s halving event – at which point there will be just 450 bitcoin produced each day versus the current 900.