PlanB Analyst: “There are fewer BTCs available for purchase than you think”

Popular cryptocurrency analyst PlanB believes there are far fewer bitcoins available for purchase thanit is customary to think, and will become even smaller after halving.

Demand for the first cryptocurrency remains stablehigh, but if now miners mine about 1,800 BTC per day, then after halving this amount will drop to 900 BTC. The bulk of the issued 18 million BTC is in wallets for long-term investments and on exchanges, and a significant part is lost forever.

The other day, PlanB conducted a survey of its audience on Twitter and it turned out that more than 80% of respondents buy bitcoins for long-term investments and do not plan to sell them in the foreseeable future.

“So we use Bitcoin for long-terminvestments, and «dirty fiat» to buy things. And so these investment bitcoins were blocked for years. The number of Bitcoins available for purchase may be less than we think. But in 18 days, miners will mine not 1,800 coins, but only 900,” PlanB wrote on Twitter.

Recently, another cryptocurrency enthusiast, Jimmy Song, emphasized that Bitcoin was the first limited asset that ordinary people really possess:

“All physical assets can be taken away by force. All centralized digital assets can be taken away by government decree or court order. And only Bitcoin cannot be taken without your permission. Perhaps this is the first thing in the world that we truly possess. ”

Co-founder of Bitmain Jihan Wubelieves that for Bitcoin, halving the reward to the miners will be a blessing, as the pressure of the miners on the rate of the first cryptocurrency will decrease. Since they will mine fewer bitcoins, they will be able to put out half as much for sale.

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