Michael Saylor Says Bitcoin Supply Is Limited as Strategy Buys Faster Than Miners Produce

Michael Saylor said there is not enough Bitcoin for everyone, adding that Strategy is buying Bitcoin at 3.5 times the rate miners can produce it.

BTC

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Terms & Concepts
  • Bitcoin mining: The process of validating blockchain transactions and creating new Bitcoin through computational work.
  • Bitcoin supply: The amount of Bitcoin available in circulation, which grows at a fixed issuance schedule set by the network.
  • Strategy: The company referenced by Michael Saylor that is described as purchasing Bitcoin faster than newly mined supply is being produced.