From the media perspective, Bitcoin seems to be living a moment of transition. With so many news about companies adopting Bitcoin as treasury assets, it seems that the days when this revolutionary asset promised to return power to individuals would have remained in the past. As is usually the case with Bitcoin, it is necessary to do Zoom out To observe that the forest is more than the largest trees.
It is undeniable that Strategy unleashed a career of accumulation of which we are probably just seeing the first steps. The voracity with which this company Buy Bitcoin is something that will be studied in monetary history books. Strategy has taught, even the native industry companies, what are the logical actions that a company must take once the Bitcoin value understands. It has made us feel all that we did not understand how the game of digital scarcity is aggressively played. Revealing what they seem arcana, alchemy that transforms debt created from nowhere into the most valuable asset in the world, has started a stampede in which each company takes at its own risk.
You just need to see the graphics to confirm how much the institutional adoption wave of Bitcoin grows.
Before such tsunami, the confusion that Bitcoin has become an institutional asset has spread, that individuals no longer predominate in this movement. Why, then, the price of BTC does not shoot with so many companies? Have not corporations be done with supply control?
The belief that institutions exceed Bitcoins tenure to individuals resembles the belief that the Altcoins market together exceeds the size of the Bitcoin market (when the reality is that Bitcoin comprises 64% of the entire value of the cryptocurrency market). These errors arise from media noise. But, thanks to the transparency of the accounting of this asset, the data reveal to us that, by far, Individuals continue to dominate in more than 56% possession of the BTC issued so far.
How today we have this reality It is the product of the genius of Satoshi Nakamoto. Establishing a decreasing broadcast schedule, the anonymous developer managed to be the pioneers who had the privilege of accumulation. These first crazy people advanced to their time, who had enough intelligence to capture Bitcoin’s potential, trust their reasoning and act accordingly, even when banks, governments, corporations, and Michael Saylor of Strategy himself, disdained Bitcoin, accusing him of scam or bubble, without their pride allowing them to spend time to understand it. Who trusted and worked on the network first, before it was To Thing.
This is the real reason for hurry. How Proust would say, now these companies run in search of lost time. These companies know that 95% of Bitcoin’s supply has already been issued, and that during the next 115 years they can only access just one million BTC that is missing.
That Bitcoin is in the place that is today is not something random, it is by design. It is not because we see the price distribution graph nothing more than we say this, but because the broadcast schedule was created in this way, knowing that this moment would arrive.
And even if individuals take profits, it is difficult for this 56% of supply in the hands of individuals to pass to corporations. We have already seen how recently the price of Bitcoin has not grown precisely because individuals are selling their BTC to these companies. And it is reasonable. After not having any price, that Bitcoin passes to one hundred, one thousand, ten thousand, and one hundred thousand dollars, they are milestones that early investors are in all their right to take advantage, with the awareness that this is not the end.
The current demand level It means that 1 BTC to USD 100,000 is still very cheap. Individuals know it and that is why they will not liquidate all their holdings, and it is for them that the price of Bitcoin will continue to rise, either rocket in the next few days or as a line with a fixed slope for the next 100 years.
The Royal Holder understands what he has, but lives his life and has needs and, of course, expects moments like this to cover them. But also that holder understands that he has the best asset in the world and takes care to never detach himself 100%, not even 50% of him.
For this reason, companies have nothing left but to buy expensive, now and in the future. Because it is the individuals who dominate Bitcoin and their price. And at the end of the day, they are the ones who decide how much it is worth.
