Bitcoin Supply Tightens as Long-Term Holders Control 21% of All Coins
The overall Bitcoin supply situation supports this idea. Around 3 to 4 million of the roughly 19.7 million Bitcoin currently available are effectively lost forever – stuck in wallets people can’t access, due to lost passwords or other issues. When you also factor in the Bitcoin held by long-term investors who aren’t trading, less than half of all Bitcoin that will ever be created is actually available for buying and selling. This isn’t a short-term situation; it’s a lasting decrease in available supply that gets worse over time.






