Posted 4/3/2024, 11:47:00 AM
Saylor Touts Bitcoin's Fixed Supply as Call to Action Before Next Halving
- Michael Saylor tweeted that Bitcoin's issuance will never be more than 276^3 (technically incorrect but mathematically correct)
- Actual Bitcoin supply limited to 21 million BTC by Satoshi's design, with 19.6 million currently in circulation
- Saylor's reminder seen as call to action to buy Bitcoin before next halving when emission rate cut in half
- MicroStrategy led by Saylor bought over 214,000 BTC since 2020, making firm a Bitcoin evangelist
- Saylor's sustained Bitcoin bets help embolden other long-term holders to stick to convictions