Scott Parkinson reposted the post below
Andy Roth
@andyroth
Why is #bitcoin going up? Because @saylor is buying bitcoin and taking it off the market by putting it into cold storage. When you factor in the bitcoin purchases made by $SMLR, $MARA, and $RIOT, there has been 33,116 bitcoins removed from the market in just under a week. To put that in perspective, 450 bitcoin are mined each day. So these companies have removed 73 equivalent days of mined bitcoin from the market. That is bonkers. And this is just the start. Freedom is winning.
2024-12-16T18:58:29.000Z
2010: $0.28
2011: $2.49
2012: $12.51
2013: $813
2014: $376
2015: $328
2016: $739
2017: $8,771
2018: $4,015
2019: $7,150
2020: $18,764
2021: $58,927
2022 $16,353
2023: $37,035
2024: $95,531
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