BlackRock Warns of Bitcoin Supply Shortage for US Millionaires

BlackRock warns of a Bitcoin supply shock, stating there aren’t enough coins to satisfy the demand from U.S. millionaires. With a capped supply of 21 million and an estimated 3 to 4 million bitcoins permanently inaccessible, the asset manager highlights Bitcoin’s unique investment merits, including its potential as a store of value and hedge against political instability. Currently, Bitcoin is trading at $85,381.

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