![Bitcoin Price (BTC) Could 10X From Here: MicroStrategy’s Michael Saylor Bitcoin Price (BTC) Could 10X From Here: MicroStrategy’s Michael Saylor](https://digitallifegaming.com/wp-content/uploads/2023/11/V4OZRLYPNFGH3GNQ7ZJCHGOR5U-768x402.jpg)
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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.
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