People talk about 21 million BTC like it’s all available.
It’s not.
A big chunk is already gone forever.
Some hasn’t even been mined yet.
A growing share is locked with institutions, ETFs, companies, and governments.
What’s left?
A much smaller supply fighting against global demand.
This is why Bitcoin moves the way it does.
Scarcity isn’t a slogan — it’s math.
Every cycle, more BTC becomes illiquid.
Every cycle, fewer coins are actually for sale.
And most people still think they’ll “buy later.”
Later usually costs more.
