MSTR CEO - bought 377 BTC per Day last 1,900 days (Patreon)

Remember: only about 450 BTC are mined per day right now. You could argue MicroStrategy has already absorbed nearly all the new supply.

Now add the ETF inflows, and things start to look crazy.

The median institutional allocation to Bitcoin is still 0.0% — even a small shift to 1–2% (let alone 8–10%) from pensions and endowments would mean hundreds of billions in new demand chasing a fixed, inelastic supply.

We are still EARLY! Morgan Stanley, JPM etc are just arriving - if the median moves off Zero and we get even 1 to 2%.... the asset has to go a lot higher.

And don’t forget my Hurdle Rate:

If you’re not earning 14% per year on your money, you’re quietly drowning