CryptoQuant CEO: Strategy purchases faster than Bitcoin mining and gains deflationary advantage
On May 10th, CryptoQuant founder and CEO Ki Young Ju stated in a post on X platform that Bitcoin is experiencing deflation. The speed at which Strategy (formerly MicroStrategy) is purchasing Bitcoin is now faster than the mining speed of Bitcoin. They hold about 555,000 Bitcoins, which are in a illiquid state with no plans to sell. This means that Strategy's Bitcoin holdings could experience a deflation rate of -2.23% annually, which may be higher than the deflation rate of Bitcoins held by other stable institutional holders.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget Spot Margin Announcement on Suspension of DOG/USDT, ORDER/USDT, BSV/USDT, STETH/USDT Margin Trading Services
BGB holders' Christmas and New Year carnival: Buy 1 BGB and win up to 2026 BGB!
Bitget Trading Club Championship (Phase 20)—Up to 2400 BGB per user, plus a RHEA pool and Mystery Boxes
Subscribe to ETH Earn products for dual rewards exclusive for VIPs— enjoy up to 8% APR and share 30,000 USDT!
Trending news
MoreCrypto prices
More
