Bitcoin’s Vanishing Supply and Its Impact on Long-Term Value
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最新报道：Bitcoin's scarcity is amplified by an estimated 2.3–4 million permanently lost coins, equivalent to 11–18% of total supply, alongside "ancient supply" growing faster than new issuance. A 2025 study projects a 75% chance of Bitcoin exceeding $4.81 million by 2036 under low-liquid-supply scenarios, driven by shrinking effective supply and macroeconomic factors like global M2 expansion. Institutional adoption and ETF approvals further reinforce its deflationary narrative, though volatility persists from large dormant coin movements and mining economics shifts.
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