🚨 Bitcoin biggest holders, Strategy and Metaplanet, are betting on math not 🚫 price.
$BTC continues to trade in a narrow price band and two of its biggest corporate believers are not blinking.
Simon Gerovich, CEO of Metaplanet, and Michael Saylor, executive chairman of Strategy, two of the cryptocurrency's biggest corporate holders, have doubled down on their argument that BTC's maximum issuence of 21 million coins beats infinite money printing, whatever the price is doing this week.
💫✍🏼On Sunday Gerovich, noted that the global M2 money supply has reached an all time high of over $100 trillion calling it a bullish of long term tailwind for the cryptocurrency.
"Bitcoin price has decoupled from broader liquidity over the past year. But the supply schedules don't change" Gerovich said "21 million will always be 21 million"
Bitcoin's price has decoupled from broader liquidity expension over the past year. Even as M2 money supply swelled. BTC has nearly halved to $63,500. The divergence is consistent with previous market cycles in which Bearish trend bitcoin's price temporarily detached from rising from macroeconomics liquidity.
💫✍🏼 Saylor voiced a similar opinion in a different farming. He said that understanding bitcoin require first understanding money itself.
"Money is energy. Bitcoin is digital monetary energy". He said "its supply cannot be expanded arbitrarily".
Strategy hold 840,447BTC worth $53 billion, making it the world's largest publicly listed bitcoin holder. Tokyo-listed Metaplanet hold 43,000BTC ($2.7 billion) putting it on third place, according to data source Bitcoin Treasuries.
$BTC
#cryptonewstoday
$BTC continues to trade in a narrow price band and two of its biggest corporate believers are not blinking.
Simon Gerovich, CEO of Metaplanet, and Michael Saylor, executive chairman of Strategy, two of the cryptocurrency's biggest corporate holders, have doubled down on their argument that BTC's maximum issuence of 21 million coins beats infinite money printing, whatever the price is doing this week.
💫✍🏼On Sunday Gerovich, noted that the global M2 money supply has reached an all time high of over $100 trillion calling it a bullish of long term tailwind for the cryptocurrency.
"Bitcoin price has decoupled from broader liquidity over the past year. But the supply schedules don't change" Gerovich said "21 million will always be 21 million"
Bitcoin's price has decoupled from broader liquidity expension over the past year. Even as M2 money supply swelled. BTC has nearly halved to $63,500. The divergence is consistent with previous market cycles in which Bearish trend bitcoin's price temporarily detached from rising from macroeconomics liquidity.
💫✍🏼 Saylor voiced a similar opinion in a different farming. He said that understanding bitcoin require first understanding money itself.
"Money is energy. Bitcoin is digital monetary energy". He said "its supply cannot be expanded arbitrarily".
Strategy hold 840,447BTC worth $53 billion, making it the world's largest publicly listed bitcoin holder. Tokyo-listed Metaplanet hold 43,000BTC ($2.7 billion) putting it on third place, according to data source Bitcoin Treasuries.
$BTC
#cryptonewstoday