Both ends of the curve agree — there’s not enough bitcoin for everyone
Main Idea
Bitcoin's limited supply and increasing demand highlight a potential shortage, as the circulating supply is significantly lower than the demand, driving its value up.
Key Points
1. Bitcoin's programmed supply is capped at 21 million BTC, with only about 15.9 million currently in circulation.
2. The demand for Bitcoin is high, with over 58 million USD in circulation, creating a supply-demand imbalance.
3. Bitcoin's divisibility into satoshis (1 BTC = 100,000,000 sats) allows for microtransactions, but the overall supply remains limited.
4. Hyperbitcoinization could further increase Bitcoin's value, with each satoshi potentially worth $5 if BTC reaches $500 million per coin.
5. The article emphasizes that mid-curving (a neutral stance) is not optimal, as the supply shortage makes Bitcoin a valuable asset.
Description
Bitcoin’s recent peak is a victory lap for curvers left and right
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