#XRPETF "Strategy is conducting a synthetic halving of Bitcoin," according to analyst
The rapid accumulation of Bitcoin by the company is acting as a reliable constraint on the newly mined supply, argues author Adam Livingston.
Michael Saylor's Strategy is "synthetically halving Bitcoin"
BTC
82,341 €
by purchasing half or more of the newly minted supply from miners each month, according to Adam Livingston, BTC analyst and author of "The Bitcoin Age and The Great Harvest."
Livingston stated that miners currently produce around 450 BTC per day or approximately 13,500 BTC per month, but Strategy has acquired 379,800 BTC in the last six months. This translates to the firm buying approximately 2,087 BTC per day, well above the daily output of miners. The author added:
"When Bitcoin becomes so scarce, access to Bitcoin will require paying a premium. Borrowing against Bitcoin will become more expensive. Borrowing Bitcoin will become a luxury business reserved for nation-states and corporate whales, and Strategy will control the bottleneck."
"The global cost of capital for BTC will no longer be set by 'the market'. It will be determined by the gravitational policies of Bitcoin's first superpower: Strategy," continued Livingston.
The author’s prediction of a Bitcoin supply shortage translates into much higher BTC prices if Strategy can maintain its pace of BTC acquisitions while market demand for the limited supply digital asset grows among institutional and retail investors.
