There’s so many major catalysts on the horizon for Bitcoin.
- FASB accounting changes, effective EOY 2024 - Bitcoin halving, April 17, 2024 - Bitcoin ETF final deadlines, Q1 2024
Yet Bitcoin has been trading in a range between 25,000 and 30,000 for months now. Which begs the question, with all these positive catalysts… who on earth is selling? 🤔
In his latest interview, Michael Saylor believes he knows the answer. He argues the majority of sellers at the moment are the Bitcoin miners.
They can’t just HODL their Bitcoin, they’re businesses with bills they need to pay.
They need to sell the bitcoin they mine to pay for electricity, computer costs and operating expenses.
The good news? That selling pressure is going to be cut in half just a few months from now. ✂️ In fact we even know the specific day. April 17 2024.
The Bitcoin halving.
Make sure to stick around to the end of the video where Saylor breaks down his personal Bitcoin strategy for Microstrategy and he lays out his prediction.
About Michael Saylor:
Michael J. Saylor is an American entrepreneur and business executive, who co-founded and leads MicroStrategy, a company that provides business intelligence, mobile software, and cloud-based services.
