$2M Bitcoin is not driven by demand alone - it's driven by disappearing supply.
In this episode, we break down the structural shift happening beneath the surface as Bitcoin transitions from a traded asset into collateral. As lending markets expand and holders gain access to liquidity without selling, supply is quietly being removed from circulation.
With over 14 million BTC locked in long-term storage and millions more held by institutions, the available supply is far smaller than most realize.
This is not a cycle.
It's a repricing event.
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