Bitcoin now a deflationary asset in the midst of an aggressive BTC accumulation by strategy, according to the CEO of cryptocurrency
The CEO of cryptocurrency says that Bitcoin is actually a deflationary asset now that BTC is quickly accumulated by the strategy of Michael Saylor (MSTR).
In an article on the social media platform X, Ki Young Ju said to its 422,200 subscribers that despite Bitcoin inflation, the strategy now encompasses the parts at a faster rate than what minors can produce.
Cryptocurrency data seem to show that when excluding parts held by MSTR, BTC's offer has been decreasing since the end of last year.
“Bitcoin is a deflationist.
The strategy buys BTC faster than it is extracted. Their 555,000 BTC are illiquid without plans for sale. MSTR's assets alone mean an annual deflation rate of -2.23% – probably higher with other stable institutional holders. »»
According to Bitcointheries.netThe strategy has 555,450 BTC worth around 58 billion dollars, which represents 2.645% of the offer of 21 million bitcoin.
Ju recently returned to his previous call according to which the bitcoin bull market was finished. The CEO said that the Bitcoin market structure is more complex now, with many major different players, which makes forecasts more difficult.
According to the CEO of the cryptocurrency, the sale of pressure on the BTC was held in the face of “massive entries” from funds negotiated on the stock market (ETF).
“In the past, the bitcoin market was quite simple. The main players were old whales, minors and new retail investors, mainly in the process of transmitting the bag.
But now the bitcoin market has become much more diverse. ETFs, Microstrategy (MSTR), institutional investors and even government agencies plan to buy and sell bitcoin. In the past, for -profit cycles have been triggered when the whales are cashed at the top, leading to a sales chain reaction and a drop in prices. »»
At the time of writing, Bitcoin is negotiated at $ 114,112.
Follow us X,, Facebook And Telegram
Do not miss a beat-Subscribe to obtain alerts by e-mail delivered directly in your reception box
Check price action
Surf the daily Hodl mixture
& nbsp
Warning: Opinions expressed at Daily Hodl are not investment advice. Investors should make their reasonable diligence before making high-risk investments in bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and that all the losses you may undergo are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, and the Daily Hodl is an investment advisor. Please note that the Daily Hodl is participating in affiliation marketing.
Image generated: Midjourney
