Bitcoin Now Deflationary Due To Strategy’s BTC Purchases | ZeroHedge
Authored by Vince Quill via CoinTelegraph.com,
Strategy, a Bitcoin 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.
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.
The total BTC supply is shrinking due to Strategy accumulating Bitcoin. Source: Ki Young Ju
Additionally, Strategy acts as a bridge between Bitcoin and traditional financial (TradFi) markets by funneling (more…)