{"id":12025,"date":"2024-02-13T20:00:01","date_gmt":"2024-02-13T20:00:01","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=12025"},"modified":"2024-02-13T14:08:44","modified_gmt":"2024-02-13T14:08:44","slug":"michael-saylor-purchases-in-bitcoin-are-10-times-more-than-sales","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/michael-saylor-purchases-in-bitcoin-are-10-times-more-than-sales\/","title":{"rendered":"Michael Saylor: Purchases in Bitcoin are More Than Sales!"},"content":{"rendered":"

MicroStrategy<\/strong> CEO Michael Saylor has said that the demand for Bitcoin is much greater than the supply.<\/p>\n

You may be interested in: Bitcoin (BTC) Target Price: Which Levels Should We Follow?<\/em><\/strong><\/span><\/a><\/p><\/blockquote>\n

Michael Saylor recently gave an interview to CNBC<\/strong> where he spoke about his belief and confidence in Bitcoin.<\/p>\n

The CEO, who mentioned with the approval of the Spot Bitcoin ETF<\/strong> by the US, a demand that has existed but unseen for 10 years emerged, said that real money flow was provided to the market.<\/p>\n

In addition, the demand from investors is 10 times higher<\/strong> compared to the Bitcoin supply, which is limited to 21 million.<\/p>\n

A similar comment was previously made by Samson Mow<\/strong> (Pixelmatic CEO) and he explained this with an example. According to Mow, approximately 900 BTC<\/strong> were produced per day, but the spot Bitcoin ETF was buying 9000 BTC<\/strong> a day. This showed that the demand was approximately 10 times the supply.<\/p>\n

Besides these, Michael Saylor<\/strong> also pointed out that Bitcoin offers a technology full of innovations, calling it a financial revolution<\/em>.<\/p>\n

He added that his company has objectives like buying more Bitcoin<\/strong> and playing a pioneering role in the network’s growth, and that they will brand in this field with their Bitcoin strategies.<\/p>\n

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Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0Telegram<\/strong><\/a>,\u00a0YouTube<\/strong><\/a>\u00a0and\u00a0Twitter<\/strong><\/a> for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

MicroStrategy CEO Michael Saylor has said that the demand for Bitcoin is much greater than the supply. You may be interested in: Bitcoin (BTC) Target Price: Which Levels Should We Follow? Michael Saylor recently gave an interview to CNBC where he spoke about his belief and confidence in Bitcoin. The CEO, who mentioned with the<\/p>\n","protected":false},"author":1,"featured_media":12024,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[61,60,1493,1494,3384],"class_list":["post-12025","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-btc","tag-michael-saylor","tag-microstrategy","tag-samson-mow"],"yoast_head":"\nMichael Saylor: Purchases in Bitcoin are More Than Sales! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"MicroStrategy CEO Michael Saylor has said that the demand for Bitcoin is much greater than the supply.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/michael-saylor-purchases-in-bitcoin-are-10-times-more-than-sales\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Michael Saylor: Purchases in Bitcoin are More Than Sales! 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