2364: $10M Bitcoin Reserve - There Are No Coins Left To Buy

**Justin Verrengia** (0:00)
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**Justin Verrengia** (0:53)
The most dangerous assumption in Bitcoin is that there will always be more available to buy.
One day, Bitcoin won't be expensive. It will become unavailable. Those are not the same thing because a $10 million Bitcoin doesn't require millions of new buyers. It requires seller refusal. Think about that. If just 2 million buyers decide they want one Bitcoin each, they would literally drain the entire visible exchange supply.
And that assumes every coin listed today actually stays for sale.
It won't. Now imagine those buyers aren't people. Imagine their corporations, governments, sovereign wealth funds, and central banks. That's when the math breaks, because the market is not prepared for serious buyers, competing over almost no available supply. Most people think Bitcoin will forever have 21 million coins available. However, the market doesn't have access to 21 million coins. Want to know why?
Millions of those coins are lost. Millions are held by long-term holders, and millions are locked away by people who refuse to sell, and millions are sitting inside treasuries, ETFs, corporations, and cold storage wallets. That may not move for decades to come. So the real question is not, how many Bitcoin exists? The real question is, how many Bitcoin are actually for sale right now? That number is much smaller than most people realize, and it gets smaller every time a serious buyer, like a Michael Saylor, removes more Bitcoin from the market. That's why a $10 million Bitcoin doesn't require everyone on earth to buy Bitcoin. It only requires enough buyers competing for the same remaining supply.
That's the supply shock. Not hype, not hope, but math. If 10 million people try to buy just 0.1 Bitcoin each, that alone requires 1 million Bitcoin. And if 100 million people try to buy 0.01 Bitcoin each, that also requires 1 million Bitcoin. But now consider this. The United States already has a proposal to acquire 1 million Bitcoin. Not 100,000, not 500,000.
Literally 1 million. Think about what happens next. Because if America starts acquiring Bitcoin at that scale, China notices, Russia notices, every major nation notices. And suddenly the question isn't, should we buy Bitcoin? The question becomes, how much Bitcoin is left? Now imagine there are Bitcoin for sale, meaning every coin already has an owner. And every owner has already decided that they'll never sell. What happens then? The next buyer doesn't get Bitcoin by finding new supply.
They get Bitcoin by convincing an existing owner to part with theirs. And there's only one way to do that, a much higher price, because price is what people see. Availability is what they miss. And by the time Bitcoin feels obvious, these coins will already be gone. And when that happens, the market stops asking, how much does Bitcoin cost? And starts asking, can I even get any? That is when expensive becomes irrelevant, because unavailable is a completely different game. So here's the real question. If Bitcoin reaches 10 million per coin, who's selling? So most people see Bitcoin as a price chart. I see Bitcoin as an inventory chart. And inventory is disappearing. Senator Cynthia Lummis just said, other nations are accumulating Bitcoin quietly. We should be doing it loudly on the record by law. And she just posted this here today at 1:30 PM. You can see the timestamp. Very powerful words coming from Senator Cynthia Lummis. She's also been a massive proponent for getting the Bitcoin Clarity Act passed. Some of you guys will call it the Crypto Clarity Act, whatever. The Clarity Act is literally going to move on to the Senate and the House this summer. And if it gets the approval, it will get the signature from President Trump. And that will give access for the banks, the institutions and the massive pools, a capital worth hundreds of trillions of dollars to start flowing into Bitcoin. That's when the floodgates open, literally Pandora's box. So I can't wait, you already know it's summer and I feel it's the calm before the storm. Let me know if you can feel it. Now $10 trillion Morgan Stanley just said Bitcoin will hit a million dollars. I don't see why we couldn't. This is a clip taken from Natalie Brunel's Coin Stories. Check it out and shout out Natalie Brunel doing big things.