The Bitcoin Illiquid supply vs Exchange Supply is at 15.2M BTC 78.3% of circulating as of June
It's very true we can't guarantee how many coins in the total supply are actually lost since the Genesis block but a rough number has been floating around that it's near 10+ million.
Let's run this math on Bitcoin with the supply today sitting at 19.4M
Reduce that by 10 Million
9,415,993 supply left
Bitcoin treasuries (companies) roughly 600,0000
8,815,993 supply left
Why not let's take the coins on exchanges off and average it around 2,000,000 coins
6,815,993 supply left
$31,100 puts Bitcoin at a $211.8B market cap.
If Bitcoin had a market cap of $602.0B, 1 BTC would be worth $88.3k
with the supply adjusted to lost Bitcoin.
If Bitcoin had a market cap of $1.2T, 1 BTC would be worth $179.4k, an upside of 293%
Now why are all the giant funds rushing to file for a spot BTC ETF? and why have x2 leveraged ETFs been allowed on the market?
Global retirement assets alone measured in 2020 around 60 trillion
Let's just say these spot ETFs get accepted and 5% of 60 trillion gets allocated to Bitcoin you know because Bonds / Real-estate are breaking.
That would put 3 Trillion into the Bitcoin market
If Bitcoin had a market cap of $3.0T, 1 BTC would be worth $445.1k, an upside of 11x
When times changed in the 1970s gold had a similar reaction.
People might be wondering what happens if Bitcoin's market cap overtakes gold with the lost supply / cold storage adjusted.
If Bitcoin had a market cap of $12.0T, 1 BTC would be worth $1.8M, an upside of 54x
(note this is estimated based on all current and past data and will have minor errors).
My data comes straight from leading high-end intelligence sources.
The year is 2023 the United States government still decides to own 204,013 Bitcoin.
Leading institutional ETF's on US markets will allow not only internal allocation (Blackrock) but will open the ETF market to the entire global financial system.
This may very be the end of Bitcoin large down turns and the new norm will be putting your name on a list with your investment firm or bank to promise allocating you Bitcoin from miners before it hits the market, during this ETF period the panic and ability to acquire Bitcoin is going to be unparalleled.
Why am I confident ETF's will be approved? future ETF's including x2 leveraged ETF's are used to hedge and manage risk that is necessary to allocate and run spot ETFs.
"although workers produce things for the market, market forces, not workers, control things. People are required to work for capitalists who have full control over the means of production and maintain power in the workplace"
Karl Marx
It refers to the tools of production that should be owned by all of society, such as factories, lands, stores, mines and all those things that are gifts of nature or are built by many people over many centuries, but are now being monopolized by a few.
Personal property has increased in the capitalist world, too: Vast estates, mansions, yachts, private jets, designer clothes all are hoarded by the few, while the personal property of the many decreases in quantity and quality. The 2007 housing bubble bust caused the greatest loss of personal wealth in history for work- ing people in the United States, as millions lost their homes. What they had thought of as theirs belonged, under capitalist law, to the banks and mortgage companies, which snatched it away from them.
Bitcoin mining is decentralized and the network cannot be privately owned by few, like central bank's that has destroyed the world we live in today, much like communist societies centralizing wealth and stealing assets via monetary policy and separating the dollar from Gold.
Bitcoinism? whatever we want to call it allows personal private value power while the core functions globally with no center private ownership of the blockchain.
Bitcoinism, Bitcoinist, whatever we want to call it, this is not a new asset its a new proletarian revolution that is combing the best aspects of Capitalism, Socialism and Marxism.