Bitcoin's supply is shrinking fast.
U.S. spot ETFs now hold over 1.28M BTC, while public companies control over 1.13M BTC, led by Strategy with 762K+ BTC. Add Satoshi's untouched 1.1M BTC and millions lost forever, and the liquid supply is far smaller than most realize.
At the same time, over $900 trillion in global capital exists - Bitcoin is just ~$1.3 trillion.
It doesn't take mass adoption. It takes marginal allocation.
This episode breaks down the structural supply shock driving Bitcoin's next phase.
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