People are severely underestimating Bitcoin scarcity

As I'm writing this, Mircrostrategy now holds a bit more than 700,000 BTC, around 709,715 to be exact. We also have companies like BlackRock and Vanguard buying up the supply for their ETF offerings.

In addition to this, governments and nation states are now starting to load up as well. Texas for instance was the first U.S state to start a BTC reserve with a purchase of $10,000,000, and now more states are looking to get in on it as well. Kazakhstan is looking to start a fund worth 100m-1bn USD, there are many other recent stories you can easily find.

Prior to the 2024 halving, the cycles and market structure were entirely based on retail, with it being seen more as a swing trade for quicker profits and less as a long-term hold. However, at this point it's clear that BTC is seen as an asset that you buy, hold and never sell.

To put this into perspective, Microstrategy has prevented just over 700k people from EVER being whole coiners, 7 million from ever owning .1 and 70 million from owning .01. This particular company will continue to accumulate BTC, taking even more seats for others. This also isn't even factoring in these other big players that are starting to get in on the action.

As I'm writing this, the total supply of BTC that has already been mined is at 19.98 million, so 1.02 million remaining. Currently 450 BTC are mined per day, and in just over 2 years from now after the 2028 halving this will drop to 225 per day, where there will be roughly 600-650k BTC left to be mined. By the 2032 halving, there will be approximately 300-350k remaining for miners, etc.

It costs close to $10,000 to acquire .1 BTC, which for most working Americans is very difficult to achieve. What's insane to think about was that not too long ago this would have only cost 2-3k, which was/is very doable for the average American. Given the supply and ever increasing demand, we are at a point where in the not too distant future it will be incredibly difficult or even impossible for regular people to buy .1. By the time the average worker who invests into his or her 401k or other tradfi tools understands and wants BTC, getting even .01 may be a difficult task.