Most of people speculate bitcoin dump because of 1st Aug event. But this is one of my assumptions: most of people will withdraw their bitcoin to the wallet, there will be less bitcoin on exchange causing low supply >>> price will increase. What's your opinion?
People might not just withdraw their bitcoins; they might sell it for fiat. More people will be hesitant to buy bitcoins because of the uncertainty. In effect, that might be the cause of the dip in price we are seeing now.