Satoshi

X/Twitter

2024

Bitcoin

April

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<p dir="ltr">MicroStrategy cofounder and chairman Michael Saylor has&nbsp;<a href="https://twitter.com/saylor/status/1775233586595025022?s=20" rel="noopener noreferrer nofollow">issued</a> a crucial reminder on the status of Bitcoin (BTC) as a scarce commodity. Taking to his official X/Twitter account, he noted that Bitcoin’s issuance will never be more than 276^3.</p>
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 <p lang="en" dir="ltr">There will never be more than 276^3 <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#bitcoin</a>.</p>— Michael Saylor⚡️ (@saylor) <a href="https://twitter.com/saylor/status/1775233586595025022?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 2, 2024</a>
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<h2 id="technically-incorrect-mathematically-correct">Technically incorrect, mathematically correct</h2>
<p dir="ltr">By normal mathematical computation, the 276^3 estimation gives a figure of 21,024,576. While this is mathematically correct, what Saylor implied regarding the total supply of Bitcoin is technically incorrect.</p>
<p dir="ltr">Per Satoshi Nakamoto’s original Bitcoin design, only 21 million BTC units can ever be issued. At the moment, Bitcoin has a circulating supply of 19,671,900 BTC, leaving only about 1,328,100 BTC units left for mining.&nbsp;</p>
<p dir="ltr">The reminder shared by Michael Saylor can also be tagged a call to action to buy the coin, as he and other major proponents like "Rich Dad Poor Dad" Robert Kiyosaki have always done. With the coming of the next&nbsp;<a href="https://u.today/bitcoin-halving-hype-rich-dad-poor-dad-author-kiyosaki-predicts-100000-btc-by-september" rel="noopener noreferrer nofollow">Bitcoin halving</a> event, the rate of emission of the digital currency will be slashed by half, making any potential accumulation move more pricey.</p>
<p dir="ltr">The remaining 1.3 million Bitcoin units will not be released until 2,140; however, there will be no extension in this number.</p>
<h2 id="perfect-example">Perfect example</h2>
<p dir="ltr">Michael Saylor is deemed a perfect example to those who might be considering accumulating Bitcoin to store, as his firm, MicroStrategy, has remained a consistent BTC buyer since 2020.</p>
<p dir="ltr">Thus far, MicroStrategy has&nbsp;<a href="https://u.today/microstrategy-raises-603-million-in-senior-notes-to-buy-more-bitcoin" rel="noopener noreferrer nofollow">accumulated</a> more than 214,000 Bitcoin units, with the business intelligence and software firm going as far as issuing Convertible Senior Notes with different maturity dates to inject into the digital currency.&nbsp;</p>
<p dir="ltr">Thus far, MicroStrategy has taken the position of a Bitcoin evangelist, a role that complements those of market leaders like Samson Mow. While there is no way to measure the impact of&nbsp;<a href="https://u.today/michael-saylor-breaks-silence-on-btc-in-wake-of-crypto-bloodbath" rel="noopener noreferrer nofollow">the posts on X</a>, the stance of Michael Saylor of sustaining his Bitcoin bets has helped many HODLers stick to their convictions.</p>

Bitcoin (BTC) Scarcity Triggers New Post From Michael Saylor

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