Charophytes
@charophytes
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Bitcoin now deflationary due to Strategy's BTC purchases — Analyst
via-https://cointelegraph.com/news/bitcoin-deflationary-due-strategy-btc-purchases
Strategy, a Bitcoin
BTC
$104,148
treasury company, is accumulating Bitcoin at a faster rate than total miner output, giving the supply-capped asset a -2.33% annual deflation rate, according to CryptoQuant CEO and market analyst Ki Young Ju.
"Their 555,000 BTC is illiquid with no plans to sell," the analyst wrote in a May 10 X post. "Strategy's holdings alone mean a -2.23% annual deflation rate — likely higher with other stable institutional holders," Ju continued.
Michael Saylor, the co-founder of Strategy, is an outspoken Bitcoin advocate who evangelizes the scarce digital currency to potential investors and has inspired many other companies to adopt a Bitcoin treasury plan. 0 reply
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