BlackRock Warns of Bitcoin Supply Shortage for US Millionaires
- Bitcoin’s supply is capped at 21 million tokens, with a predictable issuance schedule until 2140.
- An estimated 3 to 4 million bitcoins are permanently inaccessible due to lost or destroyed keys.
- If every US millionaire sought to own one bitcoin, there would not be enough supply.
- Bitcoin is seen as a potential store of value and hedge against US dollar hegemony and political instability.
- At the time of reporting, Bitcoin was trading at $85,381.
BlackRock highlights that Bitcoin’s fixed supply cannot meet the demand from American millionaires, with millions of bitcoins considered out of circulation due to lost access.
Source (2.6)https://dailyhodl.com/2025/03/04/blackrock-issues-bitcoin-supply-shock-warning-says-theres-not-enough-coins-for-us-millionaires/?rand=59076
