I would disagree. Look at it from the token perspective, not in USD.

There are what, 14 million BTC available when we factor in those that were lost (estimated to be about 4 million). Yes there are 900 more a day coming to market yet that is not going to go very far.

Microstrategy alone as close to 100K Bitcoins. Those are basically locked away for a long time. The same is true for most of these institutions. They will simultaneously use it to ride the long term appreciation as well as strengthening their balance sheets.

I see BTC as being in a liquidity crisis. The demand is far exceeding the supply, regardless of what the price is.

Even a 10x in the price of BTC, using your number, is $3.15 billion per week. That is basically two Tesla orders, not much for Wall Street and corporate America.

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