18,562,756 out of 21,000,000 btc have already been mined, or about 88%, leaving only 12% to be mined.
The existing 88% is held primarily by plebs all over the internet, with a few OG whales and a very small set of high net worth individuals.
But governments, central banks, corporations and mega-rich individuals, despite all their wealth, are not yet large holders of btc.
They'll be fighting over that last unmined 12% of the supply.
What's the long term value of a sat, if all the demand of governments/central banks/corps/billionaires gets squeezed into only 12% of the btc supply?
Their only other option is to try to pry sats out of the hands of hodlers at whatever price a hodler asks.
But if the plebs hodl, the govs/banks/corps/billionaires will all be squeezed into that last 12% of supply.
Hodl.
Submitted December 05, 2020 at 05:13PM by facepalm5000 https://bit.ly/37yDt6e
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