Today, no market overview – the situation remains the same as yesterday. So, a little bit of math.

To date, 20.07 million $BTC have been mined – 95.6% of the total supply. Only 4.4% remains to be mined, and that will continue until 2140.

But the actual amount of BTC in circulation is even less:

16.7% of the coins are considered lost forever + 5.2% are in Satoshi's wallets = approximately 22% of the supply can effectively be written off. Around 75% of all BTC are actually available.

And the available supply will continue to decrease: look at how many BTC large companies and funds are acquiring, and also, some will be lost or burned.

And finally, the most interesting part – a comparison with M2 (the global money supply), which is constantly growing: that's how the economy and inflation work, there's always more money in the world.

The rest is simple: BTC issuance is limited, the money supply is growing → a portion of it goes into Bitcoin → the price increases. Without cycles, bull markets, or other factors. Just math.

And one day, there will be a moment when even $1 million won't be enough to buy 1 BTC. For some, this sounds like a fairy tale, but when BTC was worth $100, a price of $100k also seemed like a fairy tale.