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Why Saylor’s Billion-Dollar Bitcoin Buys Barely Move The Price, Expert Explains

  • Joe Burnett, Director of Market Research at Unchained, explains why Michael Saylor's billion-dollar Bitcoin buys do not significantly impact the price.
  • Saylor's buying strategy involves a sophisticated reallocation of existing exposure within the Bitcoin ecosystem rather than injecting fresh demand into the market.
  • The funding structure of Saylor's purchases and balance-sheet maneuvers maintain a neutral effect on the market, with no net new demand created.
  • Burnett suggests that true price-moving capital would come from sources outside the Bitcoin ecosystem, such as sovereign wealth funds or individuals reallocating holdings directly into BTC.

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