The number of BTC that you can buy is much less than many people think

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Popular cryptocurrency analyst PlanB believes that there are far fewer bitcoins available for purchase than commonly thought, and there will be even fewer after the halving.

Demand for the first cryptocurrency remains stablehigh, but if Bitcoin miners now mine about 1,800 BTC per day, then after halving this amount will drop to 900 BTC. The bulk of the 18 million BTC issued lies 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 Twitter audience 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.

What do you use #bitcoin for?

- PlanB (@ 100trillionUSD) April 21, 2020

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

Recently, another cryptocurrency enthusiast, Jimmy Song, emphasized that Bitcoin has become the first limited asset that ordinary people actually own:

All physical possessions can be taken away byforce. All centralized digital possessions can be taken away by decree. #Bitcoin is unique in that no one can take it away without your permission. # Bitcoin is perhaps the first scarce thing in the world we can say we truly possess.

- Jimmy Song (송재준) (@jimmysong) April 23, 2020

“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. ”

Bitmain co-founder Jihan WuWu) believes that for Bitcoin, halving the reward to miners will be a benefit, since the pressure of miners on the rate of the first cryptocurrency will be reduced. Since they will mine fewer bitcoins, they will be able to offer half as many for sale.

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