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Bitcoin is now deflationary thanks to institutional purchases, according to analysts.
The dynamics of the Bitcoin market are changing rapidly. According to Ki Young Ju, CEO of CryptoQuant, Strategy, a company focused on treasury with Bitcoin, is buying BTC at a faster rate than the miners' own production.
Currently, Strategy holds 555,000 BTC, which represent illiquid assets with no sales plans. This has caused Bitcoin, with its limited supply, to now have an annual deflation rate of 22.3%, which could even be higher if other institutions with similar strategies are considered.
Currently, Strategy holds 555,000 BTC, which represent illiquid assets with no sales plans. This has caused Bitcoin, with its limited supply, to now have an annual deflation rate of 22.3%, which could even be higher if other institutions with similar strategies are considered.
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