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How come there’s only about 19m BTC out there currently but it seems like it’s everywhere. ETF filings galore now. Where are they going to get the reserves to cover demand?

It’s all just so confusing. We’ve never had anything truly scarce so I keep thinking they’re just going to create or find more until I realize they can’t.
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mark tyler 2y ago

And just think of how much of that extant bitcoin is already locked up by people who understand there is nothing more scare and are not going to be part of the supply for all that demand!

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nobody 2y ago

Most won’t be part of the supply………yet.

Said Blackrock with a sly smirk. One thing they know is that most people have a price.

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mark tyler 2y ago

Yeah, they know not, yet, that selling a sturdy boat for a melting iceberg is a poor trade, even if the iceberg is pretty big right now.