As BlackRock sounds the alarm on Bitcoin’s dwindling availability, investors are facing a stark reality: there simply isn’t enough Bitcoin to go around. The world’s largest asset manager has highlighted a critical issue—with only 17-18 million Bitcoin actually accessible (thanks to roughly 3-4 million coins being permanently lost), there’s not enough for every US millionaire to own just one whole coin.
Let that sink in. Not one whole Bitcoin per millionaire. Yikes.
Let that sink in. Every millionaire in America could never own a whole Bitcoin. Hard scarcity meets inevitable demand.
This supply crunch is getting worse by the day. Bitcoin’s fixed cap of 21 million coins isn’t just a marketing gimmick—it’s mathematical certainty. No government can print more. No CEO can issue additional shares. Unlike the endless money printer of fiat currencies, Bitcoin’s scarcity is locked in code.
The situation is further complicated by institutional players storming into the market. BlackRock, Fidelity, and Ark Invest are scooping up billions worth through their newly approved spot ETFs. They’re not exactly leaving crumbs for everyone else.
Bitcoin’s production cost keeps rising too. Every four years, the “halving” cuts new supply in half. With the next halving event scheduled for April 2024, we’re approaching another significant supply reduction that historically triggers price appreciation. Mining becomes more expensive, more competitive. Meanwhile, demand keeps soaring—geopolitical instability, ballooning sovereign debt, excessive money printing. The perfect storm.
BlackRock’s CEO isn’t shy about the implications, predicting a potential $700,000 price target. Not financial advice, of course. Just, you know, the head of a $10 trillion asset manager casually dropping price predictions.
Sure, challenges remain. Regulatory uncertainty looms. Environmental concerns persist. Bitcoin’s volatility still makes some traditional investors queasy. But the math of supply and demand doesn’t care about feelings or regulations. The growing recognition of Bitcoin as a non-sovereign store of value is further validating its position in modern investment portfolios.
What we’re witnessing is unprecedented: a globally accessible, absolutely scarce digital asset being discovered by the world’s wealthiest individuals and institutions simultaneously.
The result? A potential supply shock of historic proportions.
The millionaires are scrambling. The institutions are accumulating. And the supply? It’s not getting any bigger. With current prices hovering around $96,000 per coin, ten Bitcoins are worth nearly one million dollars, representing substantial wealth concentration for those who secured their position early.
