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The supply of 21 million Bitcoin seems abundant short-term, but when people see the need to HODL, the scarcity will really hit hard

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by COINS NEWS 252 Views

When we're looking at a Bitcoin supply of 21 million short-term, it seems easy to dismiss how serious this number is. After all, we look at Bitcoin being sold / bought constantly on exchanges. This gives a false sense of Bitcoin being abundant.

However, looking at it long term, years from now, the supply of 21 million is rather scarce. Consider that the population of the United States in 2019 is 328 million people, and the world's population is at 7.6 billion. Now the scarcity really hits.

The whales accumulating will continue to accumulate more, so it then becomes a battle. Personally, I don't care what market cycle we're in, I'm going to DCA until I can get 1.0 whole Bitcoin. I'd like to get a piece of the pie before it's all eaten up.

submitted by /u/ehh_what_evs
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