According to BTC analyst and author of “The Bitcoin Edge and the Great Harvest”, Michael Sayler’s strategy is “synthetic haoling bitcoin” (BTC) by purchasing half or more supply from the miners half or more from the miners every single month.
Livingston Said Miners currently produce about 450 BTCs per day or about 13,500 BTC per month, but the strategy acquired 379,800 BTC in the last six months. It translates to about 2,087 BTC buying firms per day – up to more than daily miners production. The author said:
“When bitcoin it becomes rare, there will be a need to pay a premium for access to bitcoin. It will cost more than lending against bitcoin. Borrowing bitcoin will become a luxury business reserved for nation-states and corporate whales, and the strategy will control the bottleneck.”
“The global cost of BTC’s capital will no longer be determined by the ‘market’. This will be determined by the gravitational policies of the first bitcoin superpower: strategy,” Livingston continued.
The author of the writer of the bitcoin supply crunch turns into too much BTC prices if the strategy can continue its speed of BTC acquisition, while the market demand for supply-captive digital assets grows between institutional and retail investors.
Connected: Michael Sure indicated on bitcoin purchase as the whale is aggressively piles
Institutions like strategy are leading the world to hyperbitcination
Adam Back, CEO of Cipherpank and Blockstream, predicted that the strategy and other institutions that have adopted a bitcoin corporate treasury scheme, will run BTC market capitalization up to $ 200 trillions.
“Strategy and other treasury companies are a mediation of chaos between bitcoin future and today’s Fiat World,” written on 26 April Post,
Critics of the company have warned that a loan-based approach for BTC acquisition can an economically submerge strategy if a long-term BTC bear market is effective and warns more systemic risks to BTC with such a high concentration of digital currency conducted by a single unit.
However, Bitcoin Advocate and writer Saifedian Ammas recently said that the concentration of BTC strategy does not threaten protocols.
Ammus argued that institutions such as Blackrock and BTC having high concentrations of BTC could not do a difficult fork engineer to increase the maximum supply of bitcoin, as it will devalue their holdings on a large scale, which at the end of the day, belongs to the shareholders, who is with power with power.
magazine: Bitcoin in Senegal: Why is this African country using BTC?
