BREAKING: The total quantity of HODLed #Bitcoin for +5 years just hit a new all-time high of 7,781,224.168 $BTC, representing 37% of total supply.
Available #Bitcoin is even scarcer then you think. Supply Shock is real. 
Discussion
I'm obviously extremely biased but it really feels like we are on the cusp of trillions of dollars chasing less than a couple million bitcoin.
200k of sats for every person on the planet. Less than 1 gram of #platinum for each person on the planet.
Only people with 1 or more bitcoin ? Or sats are included? 🤔
Damn... We are approaching 40% of ALL #BTC (even future) being held for the long term (or lost) and this is before the ETFs buy in. Ple₿s are underestimating the situation; once the ETFs are approved (and they will be) it will begin to open the path to ₿ being held on the balance sheets of mutual funds AND IRA accounts/pension/annuities/etc - Those are the largest pools of money on the planet (other than real estate). Gold followed a similar path in 2004+, it was uninvestable to most funds before that.
If only 10% of investors/money worldwide (10% of $900 trillion is $90 trillion) put just 5% into ₿ THATS $4.5 TRILLION OF NEW MONEY COMING INTO ₿. As the current market cap of ₿ isn't even $1 trillion it is easy to understand that will make price 5x (minimum) but the market volatility/hodler waves need be added ON to that.
Those who have truthfully understood the code know the first phase of ₿ was flooding the market - tonnes of coins, no demand. The second stage (now) is an equilibrium, the calm before the storm - supply and demand duke it out daily. The third phase is inverse to the first; the phase where we have tonnes of demand but no new coins and none for sale.
EVERYONE believes that ₿ is in a parabolic uptrend that is doomed to fail at some point. I only "believe" one thing. Math. In the third phase that parabolic trend will break... to the upside; a parabolic curve on a logarithmic chart. Bitcoin fucking squared! ;)
I made this chart to illustrate the point in meme format, since 99.99% of people do not understand the logarithmic function. Enjoy!
cc: #bitcoin #btc #grownostr #nostr #coffeechain #plebchain
Damn... We are approaching 40% of ALL #BTC (even future) being held for the long term (or lost) and this is before the ETFs buy in. Ple₿s are underestimating the situation; once the ETFs are approved (and they will be) it will begin to open the path to ₿ being held on the balance sheets of mutual funds AND IRA accounts/pensions/annuities/etc - Those are the largest pools of money on the planet (other than real estate).
If only 10% of investors/money worldwide (10% of $900 trillion is $90 trillion) put just 5% into ₿ THATS $4.5 TRILLION OF NEW MONEY COMING INTO ₿. As the current market cap of ₿ isn't even $1 trillion it is easy to understand that will make price 5x (minimum) but the market volatility/hodler waves will be added ON to that.
Those who have truthfully understood the code know the first phase of ₿ was flooding the market - tonnes of coins, no demand. The second stage (now) is an equilibrium, the calm before the storm - supply and demand duke it out daily. The third phase is reciprocal to the first; the phase where we have tonnes of demand but no new coins and none for sale.
EVERYONE believes that ₿ is in a parabolic uptrend that is doomed to fail at some point. I only "believe" one thing. Math. In the third phase that parabolic trend will break... to the upside; a parabolic curve on a logarithmic chart, another first for ₿.
I made this chart to illustrate the point in meme form since "the greatest shortcoming of mankind is failure to understand the logarithmic function". Enjoy!
cc: #bitcoin #btc #plebchain #grownostr #coffeechain #nostr
Sorry, I was trying to send that over some shoddy wifi and I didn't think it sent so I sent it again... Im not a bot or anything, there are changes in the last paragraph as I didn't copy the last bit to clipboard before I sent it...