Hunter Horsley, CEO of Bitwise, believes bitcoin scarcity will start to set in "dramatic" When cryptocurrency becomes more mainstream.

"There are an estimated 58 million millionaires globally. There is only enough Bitcoin for 1 in 3 of them to have one," he said.

Is Bitcoin's maximum supply safe?

like Reported by U. Todayinvestment giant BlackRock recently sparked controversy with a disclaimer in its educational video suggesting that the maximum supply of Bitcoin could be expanded beyond the stated maximum of 21 million.

Such suggestions are akin to heresy within the Bitcoin community since the cryptocurrency derives its value primarily from its scarcity. The fact that the supply of Bitcoin is transparent and predictable makes it an attractive alternative to other assets.

However, BlackRock's Adam Back was quick to point out that the disclaimer was just a meaningless legal cover-up.

Every node running on the network will be able to ensure that the total supply of Bitcoin remains unchanged.

Owning a full Bitcoin is rare

According to data provided by BitInfoCharts, only a small fraction of all Bitcoin addresses (1.82%) hold a full coin. In addition, only 8.2% of all existing addresses contain more than 0.1 BTC.

Only 0.25% of addresses hold more than 10 BTC, which equates to roughly $1 million at current prices.

According to CoinGecko data, Bitcoin price is approaching the $100,000 level again.

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