Miner holdings of Bitcoin are in decline, down 50% from highs. It was over 5,000 days, or 14 years, since miner reserve of Bitcoin was this low.
To give some context:
14 years ago Satoshi was still active on the Bitcoin project, no altcoins existed yet, Obama was President, and it would be another 10 years until Michael Saylor and MSTR bought their first Bitcoin.
Compound this with higher demand, lower inflation, and we continue marching towards an epic supply crunch in the coming years.
Companies and investors with foresight enough to understand the long term implications of supply will do extremely well. Slowly.. then all at once.
Written by Papi
