The post Bitcoin’s Limited Supply: Over 20 Million Mined, 4-5 Million Permanently Lost, Says ETF Store President appeared on BitcoinEthereumNews.com.

According to Nate Geraci, President of the ETF Store, there are critical insights into Bitcoin’s supply dynamics. Currently, the total cap for Bitcoin stands at 21 million, of which an estimated 20 million are already in circulation. Notably, it’s believed that around 4 to 5 million Bitcoins are permanently inaccessible, contributing to scarcity in the market. Furthermore, the iconic Satoshi wallet is reported to contain over 1 million Bitcoins, while physical Exchange-Traded Funds (ETFs) collectively hold a similar amount. MicroStrategy, a prominent player in the crypto space, anticipates maintaining a substantial allocation of up to 400,000 Bitcoins. These observations underscore the inherent limitations of Bitcoin’s circulating supply, emphasizing its potential role as a hedge against inflation and its growing significance in institutional portfolios. As the crypto landscape continues to evolve, understanding these fundamentals becomes imperative for strategic investment. Source: https://en.coinotag.com/breakingnews/bitcoins-limited-supply-over-20-million-mined-4-5-million-permanently-lost-says-etf-store-president/

---

Filed under: News - @ November 21, 2024 1:18 am