Bitcoin's Deflationary Impact: Insights from CryptoQuant Founder Ki Young Ju on MSTR's Illiquid Holdings

MSTR’s Purchase Of 555,000 BTCs Deflates The Annual Bitcoin Supply By 2.23%

With its 555,000 BTC holdings, Strategy is causing a -2.23% annual Bitcoin tradable deflation rate. Mass institutional purchases are surpassing new Bitcoin mined, and this is tightening market supply by promoting its scarcity. Analysts expect that growing scarcity will move BTC’s resistance level over $106,000, possibly creating a price spike to $115,000. The CEO of On-chain analytics firm, CryptoCount, Ki Young Ju has just noted that there ar…

Bitcoin is becoming less available for trading due to institutional accumulation. Read more

Bitcoin's Deflationary Impact: Insights from CryptoQuant Founder Ki Young Ju on MSTR's Illiquid Holdings

The post Bitcoin’s Deflationary Impact: Insights from CryptoQuant Founder Ki Young Ju on MSTR’s Illiquid Holdings appeared on BitcoinEthereumNews.com. On May 10th, 2023, COINOTAG News reported insights from CryptoQuant founder Ki Young Ju, emphasizing the deflationary nature of Bitcoin. He revealed that corporate entities, particularly MicroStrategy (MSTR), are acquiring BTC at a pace that outstrips its mining rate. Currently, MSTR holds approxi…

How Saylor's Strategy Transformed Bitcoin into a Deflationary Asset: Details

By being pre-programmed to have only 21 million bitcoins ever to exist, the largest cryptocurrency’s model is not, by definition, deflationary. After all, new BTC is mined every day, and none is being destroyed in the traditional sense of the word, which is the opposite of deflationary. However, CryptoQuant’s CEO explained how Strategy and its co-founder, and BTC champion, Michael Saylor, made bitcoin into a deflationary asset. Is BTC Deflationa…