Here's what will happen. Price rises to 100k, then rather quickly there will be 3million BTC on the exchanges again.

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Nah, we maxed out in 2020. Going to definitely tighten up over time especially with the etf. If we go on a big run it will go up but we will never see 3mil again.

Dropped the entire run from 3k covid crash til now. Went from 3k to 71k in a year and a half and dropped from 3.2mil to 2.6mil.