You Are All Wrong About The Bitcoin Halving - Michael Saylor

Bitcoin is unique because no amount of capital flowing into a Bitcoin ETF is going to create any more Bitcoin. What we've got is 900 bitcoin a day going down to 450 (bitcoins a day). This will be the halving but will be the single most consequential halving...It's the equivalent of someone coming in the market and saying he's going to buy $8.5 billion of bitcoin a year for the next 4 years guaranteed or $23 million a day for the next 4 years at the current price.

This was Michael Saylor's statement just before the bitcoin halving. The Micro-Strategy founder and bitcoin bull believes $400 trillion is about to pour into bitcoin.
The bitcoin network just completed the fourth-ever halving event Which Saylor says marks the beginning of an absolute surge in price. Bitcoin is sitting just above $64,000, up over 45% since the beginning of 2024. Saylor believes it's about to make history as we witnessed the single most consequential event since the creation of the most dominant cryptocurrency over the last 15 years.
So far, there have been 3 bitcoin halvings each reducing the supply of the cryptocurrency by halving the block reward and all three have had a significant impact on price. However, 2024 will be like no other because it comes on the heels of several spot Bitcoin ETF approvals by the US Securities and Exchange Commission With previous halvings, it was expected that the reduction of supply would make Bitcoin scarcer and therefore more valuable. It not only did, but it happened on three separate occasions. The story has become even bigger in 2024 because of the Bitcoin ETFs with thousands of institutional investors across the US now buying Bitcoin. With the supply cut by half, this would cause a hyper never before-seen supply-demand imbalance.
Saylor says everything is about to change:

I think there is 10 years of pent-up demand. They are the most eagerly anticipated developments in Wall Street...Its like the IPO of Bitcoin except it's like 10 companies simultaneously taking Bitcoin public because Bitcoin is a commodity not a secutrity...Bitcoin is the apex ETF. Other ETFs are based on oil, gold, silver etc... all these things are defective as investment assets because physical commodities aren't scarce. They can be manufactured in any amounts with additional capital and knowhow...But if a bunch of money flows into a commodity ETF that just actually fuels capital into commodity producers. Same thing with bond funds, when you have capital flows in all those other asset classes, you create supply of that asset, they're not scarce.

Embracing an unyielding enthusiasm for the Bitcoin realm, Saylor confidently predicts that explosive growth is looming on the horizon

The approval of the ETFs was a concrete endorsement of Bitcoin as an asset class by the regulators...It's taken the future of Bitcoin out of the hands of the President and the next head of the SEC and also most regulators in the world...It's created an open dynamic where now you're seeing pressure to approve ETFs in other places in Asia. It also created a fee-war; you paid 2.5% to hold your money on Grayscale and now you're paying 1.5%...You're paying 25 or 20 or even 19 basis points at Blackrock...People with other spot ETFs in the rest of the world are having to bring down their fees...The number one risk factor of Bitcoin coming into 2024 was that the government would ban it...the opposite happened in January.
There was a little bit of weakness after the approval fairly well understood as a couple of factors. First, a lot of capital imbalancing.

The ongoing adoption of Bitcoin by governments, institutions, and media signifies a broader recognition of its value. However, Saylor asserts that this journey is just beginning comparing the initial years to the current widespread interest and investment with a giant spotlight on Bitcoin's ETFs. Saylor highlights this being a significant development in the financial ecosystem. He challenges the conventional macro-economic metrics, asserting that these metrics are often manipulated to paint a specific narrative like labor statistics and inflation figures which are selectively measured to create desired effects rather than reflecting the true state of the economy
In this context, Bitcoin emerges as an alternative detached from the manipulations of the conventional economic sphere. He also highlights that established corporations like Apple, Amazon and Google will use their established relationships acquired over decades to swiftly acquire substantial amounts of Bitcoin through a spot ETF bypassing the cumbersome processes involved in procuring the actual commodity. This disparity underscores the transformative power of crypto in traditional financial institutions
Saylor underscores the importance of embracing digital currencies as the economic landscape is changing rapidly and urges investors to leverage Bitcoin's potential to secure a more prosperous financial future