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via BeInCrypto · By Lockridge Okoth
MicroStrategy’s Saylor Says Miners No Longer Set Bitcoin Price, Another Force Has Taken Over
BTC
BTC/USDT
$63,222.03
+0.17%
$63,222.03
+0.17%
(24s)24h Volume
$2,802,007,044.43
24h H/L
$63,390.00 / $62,968.45
Change: $421.55 (0.67%)
Long/Short
68.8%
Long: 68.8%Short: 31.2%
Funding Rate
+0.0039%
Longs pay
Data provided by COINOTAG DATALive data
LO
Lockridge Okoth(03:54 PM UTC)
1 min read
Michael Saylor argues Bitcoin miners no longer determine the price of Bitcoin (BTC). The MicroStrategy executive chair says structured credit products now absorb every coin produced. That shift moves pricing power from mining output to institutional credit demand.
MicroStrategy will likely buy every bitcoin produced by miners until 2140, according to Saylor, with the firm’s STRC preferred…
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