Bitcoin Now a Deflationary Asset Amid Aggressive BTC Accumulation by Strategy, According to CryptoQuant CEO
WikiBit 2025-05-12 17:26
CryptoQuant’s CEO says that Bitcoin is effectively a deflationary asset now that BTC is getting rapidly accumulated by Michael Saylor’s Strategy (MSTR).
Bitcoin
Bitcoin Now a Deflationary Asset Amid Aggressive BTC Accumulation by Strategy, According to CryptoQuant CEO
CryptoQuant‘s CEO says that Bitcoin is effectively a deflationary asset now that BTC is getting rapidly accumulated by Michael Saylor’s Strategy (MSTR).
In a post on the social media platform X, Ki Young Ju tells his 422,200 followers that despite Bitcoins inflation, Strategy is now gobbling up coins at a quicker rate than what miners can produce.
CryptoQuants data appears to show that when excluding coins held by MSTR, the supply of BTC has been going down since late last year.
Source: CryptoQuant/X
According to BitcoinTreasuries.net, Strategy has 555,450 BTC worth about $58 billion, representing 2.645% of Bitcoins 21 million supply.
Ju recently backtracked on his previous call that the Bitcoin bull market was over. The CEO said that Bitcoins market structure is more complex now, with many different large players, making forecasting harder.
According to the CryptoQuant CEO, selling pressure on BTC has eased in the face of “massive inflows” from spot exchange-traded funds (ETFs).
At time of writing, Bitcoin is trading for $114,112.
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