Analysis: Bitcoin turns deflationary due to Strategy purchases
ChainCatcher news, according to Cointelegraph, CryptoQuant CEO Ki Young Ju analyzed that the Strategy is accumulating Bitcoin at a rate higher than miners' output, resulting in an annual deflation rate of -2.33%. The Strategy holds 555,000 BTC and has no intention of selling, with its holdings alone causing an annual deflation rate of -2.23%.The Strategy brings traditional financial funds into the Bitcoin market by selling corporate debt and equity, accumulating an average of 2,087 BTC per day, far exceeding the miners' daily output of 450 BTC. Michael Saylor, as a co-founder of the Strategy, actively promotes institutional adoption of Bitcoin, with over 13,000 institutions directly holding its stock.Additionally, ETF inflows stabilize Bitcoin prices and reduce volatility. However, SkyBridge founder Anthony Scaramucci stated that sovereign wealth funds will not make large-scale purchases of Bitcoin until there is a clear regulatory framework for cryptocurrencies in the U.S. Once regulations are clear, it is expected to drive Bitcoin prices further up.