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โ๏ธ Crypto๐ข BullishImportance 7/10
Do Bitcoin halvings matter? Strategy buys outpace new BTC supply by 700%
๐คAI Summary
MicroStrategy purchased seven weeks' worth of new Bitcoin supply in a single week, significantly outpacing the natural supply increase from mining. This aggressive accumulation pattern supports bullish price targets of $400,000 if institutional buying continues at this pace.
Key Takeaways
- โMicroStrategy's Bitcoin purchases exceeded new supply by 700% in one week.
- โThe company bought the equivalent of seven weeks of new Bitcoin mining output.
- โThis buying pace supports extremely bullish price targets of $400,000 per Bitcoin.
- โInstitutional demand is dramatically outstripping natural Bitcoin supply increases.
- โThe data suggests Bitcoin halvings may be less relevant when institutional buying dominates.
Read Original โvia CoinTelegraph
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