Blackrock: Bitcoin’s Limited Supply Could Trigger Millionaire Scramble
Blackrock’s recent report warns of a potential Bitcoin supply shock, stating that even if every U.S. millionaire sought just one Bitcoin. The available supply wouldn’t meet demand.
The report highlights Bitcoin’s scarcity, noting that millions of coins are likely permanently lost, reducing the actual circulating supply. Blackrock emphasizes Bitcoin’s potential for portfolio diversification, citing its fixed supply. Decentralized nature, and growing institutional adoption as valuable characteristics in the current financial climate.
They also believe that regulatory changes. And the success of Bitcoin ETFs will further drive demand and stabilize the cryptocurrency’s price.
Clever Robot News Desk 6th March 2025
