Financial behemoth BlackRock is sounding a jarring alarm about Bitcoin that should make investors sit up straight. The world’s largest asset manager, with a casual $11.6 trillion under management, is pointing out an obvious but overlooked fact: there simply isn’t enough Bitcoin to go around. Not even close.
The math is brutally simple. There will only ever be 21 million Bitcoin. Period. And guess what? There are roughly 22 million millionaires in the United States alone. That’s right—not enough Bitcoin for even every American millionaire to own a single coin. Talk about exclusive.
The math is cruel: 21 million Bitcoin ever, 22 million American millionaires. Exclusivity by design, scarcity by code.
But wait, it gets worse. Those 21 million coins? Not all available. Experts estimate 3-4 million Bitcoin are permanently lost—forgotten passwords, discarded hard drives, deceased owners who took their keys to the grave. Gone forever. The actual supply is considerably smaller than advertised.
BlackRock didn’t just stumble into crypto. Their iShares Bitcoin Trust (IBIT) has vacuumed up nearly $60 billion in assets since launching in 2024. They’re not playing around. They understand scarcity drives value. The firm’s IBIT currently holds a staggering 572,226.5 BTC as of early March, demonstrating their serious commitment to cryptocurrency investment.
The implications are profound. Imagine the supply squeeze when institutional adoption accelerates. When more high-net-worth individuals wake up to Bitcoin’s potential as digital gold. When one in every 15 Americans with seven-figure portfolios decides they need some. Not pretty for latecomers.
Bitcoin’s uncorrelated nature to traditional markets adds another layer of appeal. While stocks zigzag with economic reports, Bitcoin marches to its own algorithmic drummer. Predictable issuance until 2140, unpredictable demand surges right now.
The warning from BlackRock acknowledges economic principles that can’t be ignored. Supply, meet demand. When the former is fixed and the latter grows, something’s gotta give. That something is usually price. The halving events historically coincide with significant price increases as the rate of new Bitcoin creation slows even further.
FOMO might soon take on new meaning. It’s one thing to miss out on gains. It’s another to be mathematically excluded from ownership entirely. Not enough Bitcoin for the millionaires. Let that sink in.
The recent price surge above $60,000 further validates BlackRock’s concerns about the growing competition for this scarce digital asset.
