MarkHarvey on Nostr: The world is severely short #Bitcoin . 19.4 million total $BTC are in circulation, or ...
The world is severely short #Bitcoin .
19.4 million total $BTC are in circulation, or about 92% of the 21 million bitcoin that will *ever* be mined. Only 8% of the supply is still up for grabs.
#Bitcoin stands alone as the only significant proof-of-work asset, it's 21 million supply cap is actually credible, and it's invention can't be replicated.
Everyone needs Bitcoin whether they know it yet or not, because it's the strongest form of property a person can own. Eventually, everyone will catch on to this.
I estimate that than 1% of people truly understand #Bitcoin and are buying as much of the supply as they possibly can, holding, and not selling at any price.
What happens to the $BTC price when the other 99% of people decide they want to get their hands on the remaining 8% of the supply?
Published at
2023-04-21 00:00:16Event JSON
{
"id": "5bdc1adf7e62d1e7193b09ae46658f7c93acb3b757497414d7e707618d77c90d",
"pubkey": "eed3da2505fe83a9235203bdc37ef62e227475d60dc536b0dbaa5700fdcfdfb8",
"created_at": 1682035216,
"kind": 1,
"tags": [
[
"t",
"bitcoin"
],
[
"t",
"bitcoin"
],
[
"t",
"bitcoin"
]
],
"content": "The world is severely short #Bitcoin .\n\n19.4 million total $BTC are in circulation, or about 92% of the 21 million bitcoin that will *ever* be mined. Only 8% of the supply is still up for grabs.\n\n#Bitcoin stands alone as the only significant proof-of-work asset, it's 21 million supply cap is actually credible, and it's invention can't be replicated. \n\nEveryone needs Bitcoin whether they know it yet or not, because it's the strongest form of property a person can own. Eventually, everyone will catch on to this.\n\nI estimate that than 1% of people truly understand #Bitcoin and are buying as much of the supply as they possibly can, holding, and not selling at any price. \n\nWhat happens to the $BTC price when the other 99% of people decide they want to get their hands on the remaining 8% of the supply?\n\n https://nostr.build/i/nostr.build_c2bb4a177dfa90222a2fc11d675d52994ff7dbce1a165a2939034e0104b8bfe8.png",
"sig": "a7f26cbb2e32461c1ff92ac8c9c1ce53964056ff9afc32593a99547e692bc8979e358a238c8c5c69d6d03b026245e633238b1bbe2470eaa159ec941c4f243d96"
}
