• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin and Its Dramatic Shortage: Predictions and Facts

user avatar

by Giorgi Kostiuk

3 months ago


As Bitcoin gains popularity, concerns over its scarcity are growing. Let's look at the state of the Bitcoin market and issues related to its supply.

Bitcoin Scarcity in a Global Context

Bitwise CEO Hunter Horsley suggests that the feeling of Bitcoin scarcity will intensify as it becomes more widespread. There are 58 million millionaires globally, yet there's only enough Bitcoin for about one-third of them.

Supply Cap Safety Concerns

Investment giant BlackRock caused controversy with a suggestion that Bitcoin's supply cap could be extended, although BlackRock's Adam Back stated that it was just a meaningless legal disclaimer. Each network node confirms that the total supply remains unchanged.

True Rarity of Bitcoin Ownership

According to BitInfoCharts, only a small fraction of addresses (1.82%) possess a full Bitcoin. Additionally, only 8.2% of all addresses hold more than 0.1 BTC. Only 0.25% of addresses have more than 10 BTC, equivalent to roughly $1 million at current prices. Bitcoin's price is nearing the $100,000 mark again, reinforcing bullish predictions due to its finite supply.

As Bitcoin's popularity and limited supply continue to fuel price expectations, investors and market participants are keeping a close watch on developments and debates around the cryptocurrency's supply.

0

Share

Other news

BYDFi 5th Anniversary: Innovation and Web3 in Focus

BYDFi celebrates its 5th anniversary: history of growth and Web3 adoption.

user avatarGiorgi Kostiuk

6 minutes ago

Ethereum Price May Drop Due to Weak Stock Market

Analyst Benjamin Cowen predicts Ethereum's price may decline owing to stock market weakness and macroeconomic factors.

user avatarGiorgi Kostiuk

6 minutes ago

Trump's Tariffs Shake Crypto and Global Markets

Trump's tariffs caused a sharp drop in crypto and global markets: Fear Index plummets to 25.

user avatarGiorgi Kostiuk

7 minutes ago

Qubetics Cryptocurrency: Interoperability and Growth Potential

Qubetics offers unique blockchain interoperability and promises high growth potential.

user avatarGiorgi Kostiuk

7 minutes ago

Cryptocurrencies in National Reserve: US Initiative

Donald Trump's announcement of a US crypto reserve including Bitcoin and Ethereum sparks a global discussion on digital assets.

user avatarGiorgi Kostiuk

7 minutes ago

XRP Price Update: Preparing for a Downturn?

XRP holds near the $2 level; market analysis shows potential shifts in the crypto market.

user avatarGiorgi Kostiuk

14 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.