2394: $100T Bitcoin Disconnect - Nobody Is Ready

**Justin Verrengia** (0:00)
The world has never seen what happens when unlimited money chases a fixed supply, but we're about to find out. Check this out. Bitcoin has $100 trillion problem. The world is starting to need Bitcoin faster than the world can get it. And that gap is about to become impossible to ignore because Bitcoin adoption can accelerate, but Bitcoin supply cannot. Think about what that means. Banks can move faster, Wall Street can move faster, companies can move faster, governments can move faster. Millions of new investors can enter the market at all the exact same time. But Bitcoin doesn't care. The network will continue producing new Bitcoin at the exact pace the code allows. And right now, that's 450 Bitcoin per day.
That's it. And after the next halving in 2028, that number gets cut in half again. Meanwhile, the amount of money trying to enter Bitcoin can grow exponentially. That my friend is the disconnect. The global stock market today is worth $154 trillion.
Global bond market is $143 trillion. And real estate is worth more than $600 trillion.
And Bitcoin is competing with all of them. Not by replacing every stock, not by replacing every bond, not by replacing every home, but by absorbing the money people use those assets to protect. That is where this gets insane, because Bitcoin doesn't need $600 trillion. It doesn't even need $100 trillion to create a supply problem the world has never seen before. Imagine just $100 trillion attempting to move into Bitcoin. Not overnight, of course, not all at once, but over years. That's still nearly $5 million for every Bitcoin that will ever exist. But every Bitcoin is not available. That's just the facts. Millions already lost, millions more held by long-term holders who have no intention of ever selling. Companies locking them up, ETFs locking them up, and governments now hoarding their pre-little bitties. And long-term Bitcoiners keep removing them from the market. So the real competition isn't for 21 million Bitcoin. It's for the small fraction that is actually for sale, the available float. And that available supply is shrinking by the day and can shrink at the exact moment demand accelerates. That is a $100 trillion disconnect. Everyone keeps asking, when does the mass adoption happen, JV? Wrong question. The real question is, what happens when mass adoption meets a supply that cannot respond? Oil companies just drill more oil, miners mine more gold, builders build more homes, and companies can issue more stock. Governments, of course, print the limited currency. But no matter how much money comes looking for Bitcoin, there will only ever be 21 million coins. The price can change, the buyers can change, the entire financial system can change. The supply cannot. And that is why the next phase of adoption is completely different from the last one. Bitcoin spent its first decade trying to find buyers. The next decade could be buyers trying to find Bitcoin. We got banks, companies, funds, pensions, governments, billions of people, all competing for an asset with less new supply every four years. The craziest part, most of that demand hasn't even arrived yet. The largest pools of capital on earth are still barely even exposed. Most companies own no Bitcoin. Most governments don't own any, and most people don't own any. Yet the supply is already fixed forever. So yes, Bitcoin adoption is accelerating, but that is only half the story. The other half is the part almost nobody is prepared for. Demand can go from billions to trillions to a hundred trillion, and the supply stays at 21 million. That is not just a Bitcoin opportunity. That's a collision. And the closer the world gets, the more obvious the disconnect becomes. Bitcoin adoption can accelerate forever. Bitcoin supply never will. Now, here's where the disconnect gets real. Because while Bitcoin supply stays frozen, the number of buyers just keeps getting bigger and bigger. Breaking news, the US Treasury Secretary just called Bitcoin a store of value. Scott Besson on the record. Not an experiment, not a speculation, a store of value. The man who controls the entire US financial system put in Bitcoin in the same category as gold. The same Besson building the Strategic Bitcoin Reserve for America, the same Besson pushing Congress to pass the Clarity Act, and the same Besson who sees a billion dollars in Iranian crypto, USDT, Tether. He understands exactly what Bitcoin is, and he just shared it with the world. Check it out. Take it away, Scott.

**Scott Benson** (4:35)
There are a lot of different stores of value over time. Bitcoin is becoming a store of value. Gold has historically been a store of value. What's interesting is, where do we see the gold demand coming from? A huge amount is from China, where, as I said, they're in the middle of an economic recession slash depression.