BLACKROCK have boutgh 9 BITCOIN per minute for the last 15 trading days. The inflows have been absolutely mind bending. $300M a day. 3500 BTC a day. I never imagined this in my wildest imagination.
Discussion
Lucky bastards 🤙
Supply Crunch Incoming
Right?
RiGhT ?!?!
BTC supply crunch coming. This will be reflected in the price. If you take the last five years plus, nearly half of all Bitcoin has not moved. Look at these players coming in:
The U.S. government's SBR wants to buy a million Bitcoin;
Michael Saylor wants to buy another 440,000 Bitcoin;
Twenty One Capital (CEP) wants to match Michael Saylor and get to half a million plus;
BlackRock bought 610,000 Bitcoin in 14 months;
Meta Planet is buying like crazy and is now setting up a U.S. shop;
All of the state SBRs;
Gamestop has everybody waiting for them to pull the trigger and buy;
Semler Scientific and Marathon are mining and buying Bitcoin;
Jetking in India has a corporate treasury;
Blockchain Group is a new treasury out of France that has very ambitious plans. These guys want to be as big as MicroStrategy.
There are now over 210 treasury companies that are stacking Bitcoin. Where is all this Bitcoin going to come from? The six players I have listed alone will buy up the next eight years of supply, assuming nobody else sells. This creates the supply crunch and higher BTC prices.
Yes, I am just pointing out that "supply crunch incoming" has been chanted for years now and it has never happened. Maybe too much paper bitcoin in circulation.