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.

Reply to this note

Please Login to reply.

Discussion

Reserves? These guys have the fiat game down cold. Layers upon layers of paper bitcoin.

My man, I was just thinking that is going to be this bulls biggest scam. There will be so much paper out there it will be impossible to track.

Reinforces the stack and ship to cold immediately best practice.

It’s going to get crazy out there and the big price action is going to create a lot of noise.

I can't help but feel like this whole ETF noise that's happening right now will have an inherently adverse effect on those creating them. Just my opinion.

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!

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.

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.

“Where are they going to get the reserves to cover demand?”

They will get them on the blockchain (for a sufficiently high price).

HODL