Bitcoin Supply Faces Limitations Amid High Holdings

According to BlockBeats, on November 21, Nate Geraci, President of The ETF Store, shared insights on a social media platform regarding the current state of Bitcoin's supply. He highlighted that out of the total 21 million Bitcoins, nearly 20 million have already been mined. It is estimated that between 4 to 5 million Bitcoins are permanently lost. Additionally, the address associated with Bitcoin's creator, Satoshi Nakamoto, holds over 1 million Bitcoins. Geraci also noted that spot ETFs collectively hold more than 1 million Bitcoins. Furthermore, MicroStrategy (MSTR) is expected to increase its Bitcoin holdings to 400,000. While these figures do not serve as a price prediction, they underscore the limited availability of Bitcoins for circulation. The finite nature of Bitcoin's supply, coupled with significant holdings by entities and individuals, suggests a constrained market for the cryptocurrency.