$BTC Due to the increasing variables in the U.S. presidential election, the volatility of BTC has increased significantly in recent days. As the date for determining the next president approaches, this trend of volatility may further intensify.
MicroStrategy has announced that they will raise 42 billion dollars over the next three years to purchase BTC. Spreading 42 billion over the next three years means an average of 40 million dollars per day will support BTC, while miners produce only 450 BTC per day, worth over 30 million dollars. Currently, the purchase volume from MicroStrategy alone exceeds the total output of miners. This is just one company; since MicroStrategy began buying BTC continuously, its stock price has repeatedly reached new highs, and the wealth effect will attract more and more companies to join the army of BTC buyers, making the future trend of supply failing to meet demand unchangeable. 🐮
