Michael Saylor's Bitcoin Acquisition Strategy Sparks Debate on Market Impact

According to Cointelegraph, Michael Saylor's approach to Bitcoin (BTC) acquisition is likened to "synthetically halving Bitcoin" by purchasing a significant portion of the newly minted supply from miners each month. This strategy, as explained by BTC analyst and author Adam Livingston, involves acquiring more than half of the monthly Bitcoin production, which currently stands at approximately 13,500 BTC. Over the past six months, Saylor's firm has acquired 379,800 BTC, averaging around 2,087 BTC per day, surpassing the daily output of miners. Livingston suggests that as Bitcoin becomes scarcer, access to it will demand a premium, and borrowing against Bitcoin will become a luxury reserved for nation-states and large corporations source: https://www.binance.com/en/square/post/23500912220498?utm_source=BinanceNewsRSS