For those wondering if demand will stay constant post halving, here's an example...

Jack Dorsey, the CEO of Twitter, announced over a year ago that he was buying bitcoin.

More than just buying bitcoin, he was buying it in bunches.

He announced at the time that he was maxing out the Square Cash App limit each week with his bitcoin purchases.

For those that aren't familiar, that is equal to $10k worth of BTC per week.

Not a ton of money for a billionaire, but what if he was doing that every week for over a year now?

Well, it sounds like he might be doing just that...

In a tweet the other day, Jack confirmed that he is still maxing out the Square Cash App weekly BTC limit, presumably every week.

Here's the tweet:

(Source: https://twitter.com/BitcoinMunger/status/1260040944080076800)

He initially said he was maxing out BTC purchases on the Square Cash App back in march of 2019.

A perfect example of demand staying constant in the face of shrinking new supply...

This is a perfect example of someone who is continuing to buy the same amount of BTC regardless, well I guess I should say, the same amount of USD worth of BTC.

For some napkin math, lets say he has been purchasing $10k worth every week since March of last year...

That would be $10k x 60 weeks = $600k invested.

Jack hasn't revealed his total holdings previously, but it seems likely he has invested at least $600k in the last year alone.

Not a large number in the grand scheme of things, but it goes to show how some of the demand doesn't change.

Looking at previously listed filings and announcements, and it looks like demand via Grayscale and Cash App have been increasing over the last year, and at this point they account for some of the largest demand in crypto.

If the demand is staying constant or increasing, while the new supply is cut in half, what do you think happens to the price?

I have a guess...

Stay informed my friends.

Image Source:

https://bitcoinexchangeguide.com/jack-dorseys-recent-bitcoin-bullishness-could-be-an-indicator-of-his-lightning-lab-investment/

-Doc