Senior analyst PlanB warned Bitcoin investors and said that the number of BTC actually happened was far less than known, saying it might be difficult to find future Bitcoin. The analyst stated that the famine will increase more, but the demand will not decrease, especially after the half-split.
There is little time left for the third half event of Bitcoin (BTC), where more and more people are focused. Many people expect the halfway remaining less than twenty days to blow up the price of Bitcoin.
However, PlanB, a well-known analyst and inventor of the stock-flow model, warns investors that halfway will have a negative impact. Analyst says the demand for BTC will always remain high, but the amount of new BTC will be cut in half. In addition, the analyst thinks this will cause shortage as BTC, which can be bought, is already scarce.
From 1,800 BTC to 900 BTC
In his last tweet, PlanB stated that the actual amount of BTC available for investors is much less than anyone thinks. A large part of the circulating 18 million BTC (according to survey results) has already been purchased and locked for a long-term holding. A large number of BTCs have been purchased since the first days of Bitcoin’s existence.
So we use #bitcoin for long-term investing, and dirty fiat for buying stuff. These invested bitcoins are locked away for years. The amount of bitcoin available for buyers might be far less than we think. And the 1800 available miner coins per day is going to 900 in about 18 days. pic.twitter.com/GQefUvXnmB
— PlanB (@100trillionUSD) April 22, 2020
PlanB reminds its followers that after the split, miners will only produce 900 BTC, not 1,800 BTC, and demand will remain as high as it is now.
‘Bitcoin (BTC) Is Really The First Scarce Asset We Have’
Bitcoin maximalist and entrepreneur Jimmy Song praises Bitcoin as a means of changing the world and protecting human freedom and explains:
All physical assets can be confiscated. All central digital goods can be removed by decree. Bitcoin is unique because no one can take it without your permission. Bitcoin is perhaps the first scarce thing we can say that we really have in the world.
All physical possessions can be taken away by force. All centralized digital possessions can be taken away by decree. #Bitcoin is unique in that no one can take it away without your permission.#Bitcoin is perhaps the first scarce thing in the world we can say we truly possess.
— Jimmy Song (송재준) (@jimmysong) April 23, 2020