If newly mined BTC doesn’t enter the market: real scarcity isn’t the price, it’s “no one wants to sell”
Recently, Saylor made an extremely bold claim: MicroStrategy could “absorb” all newly mined Bitcoin from now until the year 2140.
It sounds like a maxed-out narrative, but the key point isn’t whether it can be achieved.
The key is that he pinpointed a structural issue.
Bitcoin’s supply is fixed—every four years it undergoes a halving.
But on the demand side, institutions, ETFs, and long-term capital have no upper limit.
When the speeds on both sides start to diverge, the market enters a very different state:
It’s not “is there someone buying?” but “is there anyone willing to sell?”
According to analysis, this structure—fixed supply + ongoing institutional accumulation + falling circulation—once it reaches an acceleration phase, the market’s pricing logic shifts from being driven by marginal buyers to being driven by marginal sellers’ scarcity. In essence, liquidity changes from “abundant” to a “gap-like distribution.”
Put simply: prices aren’t pushed up by buyers anymore; they’re lifted by sellers.
Of course, reality won’t actually see one company buy up all BTC for the next century, but the trend is already very clear—more and more coins are being locked long-term instead of circulating.
The real change in the market isn’t the price; it’s the reduction in tradable supply.
So the question has changed.
It’s no longer “who is buying BTC,” but “who will still choose to sell BTC.”
As fewer people sell, the market stops being a trading market and becomes a scarcity allocation system.
$BTC $ETH $SOL
Recently, Saylor made an extremely bold claim: MicroStrategy could “absorb” all newly mined Bitcoin from now until the year 2140.
It sounds like a maxed-out narrative, but the key point isn’t whether it can be achieved.
The key is that he pinpointed a structural issue.
Bitcoin’s supply is fixed—every four years it undergoes a halving.
But on the demand side, institutions, ETFs, and long-term capital have no upper limit.
When the speeds on both sides start to diverge, the market enters a very different state:
It’s not “is there someone buying?” but “is there anyone willing to sell?”
According to analysis, this structure—fixed supply + ongoing institutional accumulation + falling circulation—once it reaches an acceleration phase, the market’s pricing logic shifts from being driven by marginal buyers to being driven by marginal sellers’ scarcity. In essence, liquidity changes from “abundant” to a “gap-like distribution.”
Put simply: prices aren’t pushed up by buyers anymore; they’re lifted by sellers.
Of course, reality won’t actually see one company buy up all BTC for the next century, but the trend is already very clear—more and more coins are being locked long-term instead of circulating.
The real change in the market isn’t the price; it’s the reduction in tradable supply.
So the question has changed.
It’s no longer “who is buying BTC,” but “who will still choose to sell BTC.”
As fewer people sell, the market stops being a trading market and becomes a scarcity allocation system.
$BTC $ETH $SOL