There are Bitcoin OGs who don't know what circulating supply is on bird app, so I thought I'd make sure we're all using these terms correctly;
Max supply in the Bitcoin Network ever = ~21m
Max supply in a given year = check the halving chart
Circulating supply in a given year = coins available for trading / commerce
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Max supply in a given year ≠ circulating supply
At high level, how would the number of coins available for trading / commerce be calculated? Seems like that would be impossible to know. Maybe I’m missing something.
IMO you cant really know. You can only take educated guesses. I know it's not easy to differentiate between cold storage or a wallet that somebody has lost access to for instance.
Exactly, circulating supply is an estimation or you take the supply available on exchanges & use that.
I err on the side of what's available on exchanges because it's measurable & obv affects price.
This is the best metric to go off actually;
https://nostr.build/i/d01abc6a1e409c0bf05a0409bc47f0c39f7f4fa8b463b91c221beb820fcf864e.webp
