'Strategy is synthetically halving Bitcoin' — Author and analyst
The company’s rapid accumulation of Bitcoin is acting as a reliable constraint on newly mined supply, argues author Adam Livingston.
Michael Saylor’s Strategy is “synthetically halving Bitcoin” (BTC) by purchasing half or more of the newly minted supply from miners every single month, according to Adam Livingston, a BTC analyst and author of “The Bitcoin Age and The Great Harvest.”
Livingston said miners currently produce around 450 BTC per day or approximately 13,500 BTC per month, but Strategy acquired 379,800 BTC in the last six months. This translates to the firm purchasing roughly 2,087 BTC per day — far in excess of daily miner output. The author added:
“BTC’s global cost of capital will no longer be set by ‘the market.’ It will be set by the gravitational policies of the first Bitcoin superpower: Strategy,” Livingston continued.
Read more
If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.
If you want to read more News articles, you can visit our General category.
