As Crypto Markets Plunge $400 Billion - $600 Billion Lost Since Bitcoin May Become Regulated, Analyst Says

Tech Business Firms Back Crypto Consortium

For instance, demand is far outpacing supply for hardware wallets and wallets designed for trading, placing tremendous pressure on the bitcoin ecosystem, analysts said.

One high-profile hardware wallet, the Trezor, has reportedly been selling out on Amazon since March, prompting some resellers to place orders for the second and third batches, which were sold out by April.

The trend is likely to continue, since the bitcoin industry is seeing an unprecedented increase in demand, similar to the phenomenon of the internet. In 2000, there were 2 million internet users, most of whom were unable to purchase anything online. Fast forward 10 years, and the internet market is experiencing unprecedented demand, putting extreme pressure on a small group of companies.

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