More than 90 percent of Bitcoin has already been mined.
With Bitcoin price dropping, hodlers continue to eat up only a bigger percentage of an asset that has a finite supply. It is similar to a company repurchasing its shares at discount prices. Holders buying now, during a crash, acquire double the amount of btc than during the all time high period. Once put away in cold storage, it s off the market.
Do you think Michael sailor will say ; nah, I’ve got enough. Ofcourse not. Me neither. If btc-price drops, more Bitcoin gets bought up for an equal amount of fiat money. That same money is being printed every day, so fiat supply is unlimited.
Don’t let a sell-off scare you; the fundamental reasons why you’re in Bitcoin are still intact.
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