Look at how scarce Bitcoin is and its about to get even more scarce in 2024!

As of today, it looks like there are only 1,822,809.97 bitcoins remaining on exchanges.

The rest are stored in cold storage. These are typically people who are not thinking of selling in the short to medium term.

Some are on exchanges but are lost forever.

Some are on exchanges but owned by Spot ETF's like Fidelity (Yes Spot ETFs because they are already approved in Canada. Just one of Fidelity's spot ETF holds 3223.4255 bitcoins on exchanges.)

now consider all the people that DCA'ing all over the world everyday in small amounts. This means each day 1000's of bitcoins are being bought up and that overall Bitcoin on exchange number is potentially reducing as a portion of these people move to cold storage periodically.

Now consider when Spot ETF's in the USA get's approved and the halving happens.

100k/Bitcoin is just the tip of the iceberg and as they say, holding even .01 BTC (1,000,000 SATS) is going to be significant.

Bitcoin is not even 1 Trillion in Market Cap yet. Gold on the other hand is 13 Trillion

Gold is just a shiny rock that is scarce and allows for store of value. Bitcoin is a digital version that does the same thing with better properties (More divisible, Easier to transfer etc.). The younger generations are not talking about gold, they are talking about crypto and bitcoin.

Not financial advice. Do your own research and invest responsibly but I would recommend getting as much BTC as possible before its' too late.

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Submitted December 22, 2023 at 10:33PM by Apart_Jackfruit901 https://ift.tt/cC0uStj