So, Michael Saylor’s big brain move is basically “synthetically halving Bitcoin.” No, he didn’t invent a new haircut for BTC miners — he’s just buying up half or more of every freshly minted Bitcoin each month. Adam Livingston, who’s written “The Bitcoin Age and The Great Harvest” (sounds like a sci-fi Western, right?), broke it down for us.
Our buddy Livingston says miners churn out about 450 BTC daily — roughly 13,500 monthly — but Strategy went full Godzilla and snatched up 379,800 BTC in six months. That means they’re scooping up roughly 2,087 BTC daily, way more than the miners themselves make. Livingston fancied a quote:
“When Bitcoin becomes this scarce, you’ll need to trade your grandmother’s vintage spoons just to get a few satoshis. Lending will be so fancy you’ll need a tuxedo, and borrowing Bitcoin will be an exclusive party only nation-states and corporate whales get an invite to. And guess who’s running the velvet rope at that party? Strategy.”
He continued, “Market? Ha! BTC’s global cost of capital won’t be set by some dusty old market anymore. It’ll be the gravitational pull of the first Bitcoin superpower: *Strategy*. Resistance is futile.”
In plain English: if Strategy keeps gobbling up BTC at this speed while everyone else keeps wanting some, prices are gonna skyrocket faster than a cat on a caffeine binge.
Institutions like Strategy are basically turning Bitcoin into the new global Kool-Aid
Adam Back, the cypherpunk kingpin and CEO of Blockstream, predicted that Strategy and its institutional pals with their corporate Bitcoin piggy banks will push BTC’s market cap all the way to a mind-boggling $200 trillion. Yep, trillion with a T — sounds like somebody’s been playing Monopoly with real money.
Back tweeted (or rather, posted on X) on April 26, explaining how Strategy and co. are exploiting the “dislocation between the Bitcoin future and today’s fiat world.” Translation: they’re cashing in big on the fact that everyone wants Bitcoin but nobody wants those sad paper dollars anymore.
Of course, some naysayers waggled their fingers, warning that this debt-fueled Bitcoin-buying binge could be a financial faceplant if the BTC bear puts on its grumpy pants for too long. Plus, there’s chorus of “What if one company owns too much?!” like Bitcoin’s endangered species.
But hold onto your hats — Bitcoin advocate and author Saifedean Ammous swooped in like a crypto superhero saying Strategy holding tons of BTC doesn’t break the system. Why? Because if these fat cats tried a sneaky hard fork to mint more coins — which would hurt their own treasure chest — the shareholders would yank their cash faster than you can say “blockchain.”
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2025-04-28 01:09