LESS Than 21 Million Coins...

Ted Carr

🔥

Jul 30 (edited) • 💬 Discussion

Check it out...

Bitcoin has a maximum issuance of 21 million coins.
But 19.7 million have already been mined.
And an estimate 3–4 million have never moved once/are thought to be lost forever.
Which leaves us with about 15M coins but...
13m of those coins are kept offline and are NOT on exchanges.

Only 2 million coins are on exchanges right now.

And that number keeps dropping by about 100k-200k bitcoins every year.

Why?

Because of what I wrote in this post here AND because people are learning to buy & not sell.

Old days: Buy low & sell high to take profit.

Now: Buy anytime & HODL for life and just take out loans against your bitcoin if you need cash.

If BTC reserves on exchanges keep dropping by 100-200k/year... by the year 2030 there may only be 100,000 bitcoins left in circulation...

What do you think the price will be in 2030... ?

This guy estimates 1 BTC will be worth $550,000 in 2030, but I think that's bearish AF because he's only calculating based on "the network effect" which is made up of regular everyday people who are using their paycheques to buy BTC and not calculating based on the fact that MEGA institutions, corporations and nation states are about to start loading up using DEBT (ie. infinite money) 😆

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