Bitcoin Declared a Deflationary Asset by CryptoQuant CEO
- Ki Young Ju, CEO of CryptoQuant, labels Bitcoin as a deflationary asset.
- Strategy has acquired over 555,000 BTC, contributing to a -2.23% annual deflation rate.
- These acquisitions exceed the rate at which new Bitcoin is mined.
- CryptoQuant’s market cycle indicator suggests potential market reversal as Bitcoin prices exceed $100,000.
The declaration by Ki Young Ju highlights Strategy’s significant role in making Bitcoin a deflationary asset, with their acquisition strategy leading to an annual deflation rate of -2.23%.
Source (2.6)https://hodl.press/cryptoquant-ceo-bitcoin-as-a-deflationary-asset/?rand=24434
