How Saylor’s Strategy Transformed Bitcoin into a Deflationary Asset: Details
By being pre-programmed to have only 21 million bitcoins ever to exist, the largest cryptocurrency’s model is not, by definition, deflationary. After all, new BTC is mined every day, and none is being destroyed in the traditional sense of the word, which is the opposite of deflationary.
However, CryptoQuant’s CEO explained how Strategy and its co-founder, and BTC champion, Michael Saylor, made bitcoin into a deflationary asset.
By definition, deflationary means that the asset’s supply is designed to decrease over time. So, by that explanation, the newly minted BTC every day (currently ~450 BTC/day) does not put the cryptocurrency into that category. Someone would argue that BNB should be there since it has a burning mechanism to reduce the overall supply from 200,000 to 100,000.
Ethereum also made some progress on that matter, but that’s a different and rather controversial topic (and it doesn’t really work as promised, at least not always).
In BTC’s case, though, there’s one big (un)spoken hero who deserves a big “thank you” from Bitcoin Maxis, according to CryptoQuant’s chief exec, Ki Young Ju (even though he deleted the original post with the thank you note). In the updated one, he explained that Michael Saylor, through the company he co-founded, has turned Bitcoin into a deflationary asset because the entity is “buying BTC faster than it’s mined.”
CQ’s CEO determined that Strategy’s strategy (yeah, we get how it sounds) not to sell at any cost has turned its massive stash of over 555,000 BTC into an illiquid supply. This means that MSTR’s holdings are equal to -2.23% annual deflation rate for bitcoin. The percentage could be even higher when we examine other “stable institutional holders” who have incorporated the HODL strategy.
The company began its massive accumulation spree in September 2020 when it was called MicroStrategy and Saylor was still CEO. At a time when bitcoin was fighting to stay above $10,000 (yes, one zero less than now), the NASDAQ-listed business intelligence software firm bought 21,454 BTC via 78,388 off-chain transactions.
In the following year, the cryptocurrency’s price skyrocketed to an all-time high of almost $70,000. The company kept buying. Then, the asset plunged deep below $20,000 following the FTX crash as well as many other industry blow-offs. The firm continued accumulating, even though its stash was now well in the red.
The 2024 US elections only strengthened Strategy’s conviction, and the firm now owns 555,450 BTC , valued at almost $58 billion at current prices. This puts its holdings in an unrealized profit state of nearly $20 billion.
XRP Price USD Explodes 8% and Analysts Predict it's Just Getting Started
XRP records an 8% weekly gain, pushing its price to $2.4. This price surge comes in tandem with a broader crypto market rally, which saw the total market capitalization increase by 9.6%. Memecoins are once again leading the charge, grabbing headlines and investor attention. But in the background, seasoned traders are watching XRP closely, wondering if its long-awaited breakout is finally around the corner.
XRP/USDT 1-day chart - TradingView via Bitget
Despite being known as a lagger in the crypto space, XRP has a history of explosive moves when market conditions align. With Bitcoin recently surpassing the $100,000 mark and the overall sentiment turning bullish, XRP could be gearing up for a significant run.
Analysts are divided, but many predict that the XRP price USD could climb between $2.8 and $3.2 during the upcoming bull run. Some experts even argue that the bull market has already begun, fueled by increasing institutional interest and the continued growth of blockchain adoption worldwide.
XRP/USDT 1-day chart - TradingView via Bitget
However, caution remains. Several market analysts believe that this recent surge might just be a fakeout—a temporary price pump designed to shake out weak hands before a larger correction. According to this view, XRP could retrace back to its key support zone between $2.0 and $2.2 before making any meaningful attempt at new highs.
Technical indicators on the daily charts show mixed signals. While the RSI (Relative Strength Index) suggests XRP isn’t yet overbought, trading volumes remain inconsistent, leaving room for both bullish and bearish interpretations. Traders are advised to watch the $2.5 resistance level closely. A confirmed breakout above this range could trigger a stronger move toward the $3 mark.
With crypto market momentum building and Bitcoin dominance slightly declining, altcoins like XRP are starting to gain traction. Whether this results in a sustained rally or a short-term correction remains to be seen. One thing is certain—XRP is back on traders’ radars, and its next move could be decisive.
If you’re holding XRP or thinking of buying in, keep an eye on key resistance and support zones. The coming weeks will likely reveal whether this is the beginning of XRP’s long-awaited rally—or just another bump in its sideways journey.
XRP records an 8% weekly gain, pushing its price to $2.4. This price surge comes in tandem with a broader crypto market rally, which saw the total market capitalization increase by 9.6%. Memecoins are once again leading the charge, grabbing headlines and investor attention. But in the background, seasoned traders are watching XRP closely, wondering if its long-awaited breakout is finally around the corner.
XRP/USDT 1-day chart - TradingView via Bitget
Despite being known as a lagger in the crypto space, XRP has a history of explosive moves when market conditions align. With Bitcoin recently surpassing the $100,000 mark and the overall sentiment turning bullish, XRP could be gearing up for a significant run.
Analysts are divided, but many predict that the XRP price USD could climb between $2.8 and $3.2 during the upcoming bull run. Some experts even argue that the bull market has already begun, fueled by increasing institutional interest and the continued growth of blockchain adoption worldwide.
XRP/USDT 1-day chart - TradingView via Bitget
However, caution remains. Several market analysts believe that this recent surge might just be a fakeout—a temporary price pump designed to shake out weak hands before a larger correction. According to this view, XRP could retrace back to its key support zone between $2.0 and $2.2 before making any meaningful attempt at new highs.
Technical indicators on the daily charts show mixed signals. While the RSI (Relative Strength Index) suggests XRP isn’t yet overbought, trading volumes remain inconsistent, leaving room for both bullish and bearish interpretations. Traders are advised to watch the $2.5 resistance level closely. A confirmed breakout above this range could trigger a stronger move toward the $3 mark.
With crypto market momentum building and Bitcoin dominance slightly declining, altcoins like XRP are starting to gain traction. Whether this results in a sustained rally or a short-term correction remains to be seen. One thing is certain—XRP is back on traders’ radars, and its next move could be decisive.
If you’re holding XRP or thinking of buying in, keep an eye on key resistance and support zones. The coming weeks will likely reveal whether this is the beginning of XRP’s long-awaited rally—or just another bump in its sideways journey.
Arkham integrates portfolio management platform Haruko
Blockchain analytics firm Arkham Intelligence is partnering with Haruko, a portfolio and execution management platform to bolster institutional-grade digital assets trading.
Arkham Intelligence ( ARKM ) and Haruko will tap into this collaboration to bring digital asset liquidity venues and order types to Haruko users. The platforms target a streamlined onboarding process and day-to-day trading support for sophisticated market participants.
“We’re partnering with Haruko, a leading institutional-grade portfolio and execution – management platform used by top-tier digital-asset funds and trading firms worldwide,:’ Arkham announced .
With this partnership, Arkham’s liquidity venues and order types will now be natively accessible to Haruko’s users, enabling them to open and manage their spot and derivatives positions on the Arkham Exchange. Users will be able to do this directly from their Haruko account’s interface.
The integration means institutional investors will be able to route orders to the Arkham Exchange via Haruko
Haruko allows market participants to access key functionalities such as multi-venue execution and risk analytics from a unified interface. Some of its clients include hedge funds, global proprietary trading firms and market-makers.
Earlier this year, Arkham unveiled a new tagging system that sees its users track the crypto transactions of influential figures within the crypto industry. The tag is for influencers with 100k or more followers on X.
At the time of its launch, the new feature tracked 950 addresses, among which were the wallet addresses of Ethereum (ETH) co-founder Vitalik Buterin, Binance founder Changpeng Zhao and Tron founder Justin Sun. It also includes wallets linked to the U.S. President Donald Trump among other prominent individuals and key opinion leaders.
The Arkham team recently added the Solana Name Service search, a new feature that allows users to search KOLs and Solana traders with .sol usernamel. Search is possible via SNS names, the given entity’s name, Ethereum Name Service name, and Twitter/X handle.
Dow drops 119 points, Nasdaq inches higher, Bitcoin settles at $103k amid China talk rumors
U.S. stocks ended the week mixed, with investor sentiment cautious ahead of scheduled trade talks between U.S. and Chinese officials in Switzerland this weekend.
The Dow Jones Industrial Average fell 0.3%, while the Nasdaq Composite edged up 0.0043% while the S&P 500 hovered near the flatline down 0.07%
The trading action follows a preliminary U.S.-U.K. trade agreement, but new tariff rhetoric has kept markets jittery. U.S. President Donald Trump floated an “80% Tariff on China” via Truth Social, a step down from the current 145% but still above the sub-60% expectations reported earlier in the week.
“Progress this week was encouraging, but we remain in the ebbs and flows of the news cycle,” said Nationwide’s Mark Hackett. “We are likely in a sideways period of volatility until we begin to get tangible outcomes.”
Meanwhile, Bitcoin ( BTC ) surged above $104,000 Friday morning, driven by strong institutional inflows and ETF performance. Spot Bitcoin ETFs reached a new lifetime high in cumulative flows at $40.33 billion, per Bloomberg data. The largest cryptocurrency by market cap gave up some of its gains, trading at around $103,000 following Wall Street’s closing bell.
Elsewhere, Wells Fargo noted only 13 companies have withdrawn earnings guidance this season, fewer than expected in what it calls a “positive surprise.” Stocks such as Ford, Delta, and Snap were among those pulling forecasts.