Bitcoin Price (BTC) Could 10X From Here: MicroStrategy’s Michael Saylor

The first of these is what will soon be a considerable reduction in supply alongside an increase in demand. Bitcoin miners, Saylor said, must sell bitcoin in order to keep the lights on, and he noted that those sales currently amount to about $1 billion per month. The halving – which is expected to take place in April 2024 – however, means that miners will soon have only half of that quantity available to sell.