MicroStrategy’s Michael Saylor explains the importance of the Bitcoin halving and why he’s bullish on it 🐂
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cryptonary

2024-04-14 12:35:59

bitcoin is going to be having a having
next year
that's a rare event can you sort of educate the viewers on what happens when that occurs and what if any effect that will have on bitcoins price
well i'm most of the natural sellers of bitcoin in the market right now are bitcoin miners and they have to sell to pay their electricity bill and their capital cost and retire their debt
that's about a billion dollars a month worth of selling into the market
um the protocol forces that to be cut in half as of about next april late april
so you're going to see twelve billion dollars of natural selling per year converted into six billion dollars of natural selling a year
at the same time as as things like spot bitcoin e t f's increased the demand for bitcoin
so that's why all of us are fairly bullish over the next twelve months demands going to increase supplies going to contract and this is fairly unprecedented in the history of wall street