On the client side, there was considerable interest in whether $BTC (-0.37%)Strategy’s position poses an existential risk to the asset class. It does not. Four percent of the supply is simply not enough to trigger a structural collapse—from a purely mathematical standpoint, this concern does not hold water.
However, the shift in market sentiment is particularly interesting. When Michael Saylor sold 32 #bitcoin —a man who once said he’d rather sell a kidney than his $BTC (-0.37%) —the announcement alone initially triggered a 9.3% drop in the price. Not because of the volume—32 $BTC (-0.37%) is negligible—but because of the signal it sent. Since then, Strategy has quietly sold 3,588 $BTC (-0.37%) . The market seems to be getting used to it. The shock effect of $BTC (-0.37%)Strategy’s sales is fading, and I expect this narrative to become increasingly less significant. The data so far already supports this.
You can invest in Bitcoin through the following vehicle: $BITC (+0.73%)
