Bitcoin: Deflationary Now Thanks to Big Buyers?
CryptoQuant’s CEO, Ki Young Ju, claims Bitcoin is acting like a deflationary asset. This is because a company called MicroStrategy (MSTR) is buying up Bitcoin faster than miners can create new coins. MicroStrategy’s Massive Bitcoin Hoard Ju tweeted that MSTR’s massive Bitcoin holdings—over 555,000 BTC, worth roughly $58 billion—are essentially locking up a significant portion…
