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Viewpoint: Bitcoin is in a "deflationary" state, the purchase speed of Strategy is greater than the mining speed of Miners.
BlockBeats news, on May 10th, CryptoQuant founder Ki Young Ju stated that Bitcoin is deflationary. The speed at which Strategy buys BTC is faster than the mining speed of Bitcoin miners. The 555,000 BTC they hold is non-liquid, with no plans for sale. The holdings of MSTR alone imply an annual deflation rate of -2.23%, and with other stable institutional holders, the deflation rate may be even higher.