First among them is what’s soon be a sizable reduction in supply coming alongside a surge in demand. Bitcoin miners, said Saylor, need to sell bitcoin in order to keep the lights on, and he noted those sales are currently running at about $1 billion per month. The halving – expected to occur in April 2024 – however, means miners will soon have only half of that available to sell.
Source: https://www.coindesk.com/markets/2023/11/02/heres-why-bitcoin-will-10x-from-here-michael-saylor/?utm_medium=referral&utm_source=rss&utm_campaign=headlines