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| Bitcoin, U.S. |
U.S. and State Reserves Add Pressure to Bitcoin’s Shrinking Circulating Supply
Bitcoin is facing an unprecedented supply shock, warns Samson Mow, CEO of JAN3. Mow’s stark message: “It’s too late to buy Bitcoin under $0.1 million,” signals the end of sub-$100K BTC. He urges investors to understand Bitcoin’s fixed 21 million supply versus trillions in fiat circulation.
This warning aligns with historic developments in both government and institutional adoption. Under a new executive order, the U.S. government has launched a Strategic Bitcoin Reserve (SBR). It is seeded with 200,000 BTC seized from past illicit activities.
Additionally, Arizona and New Hampshire have passed laws to establish state-level Bitcoin reserves. These moves underscore a growing trend: Bitcoin is being embraced as a sovereign strategic asset.
On the institutional front, demand is booming.
BlackRock’s iShares Bitcoin Trust ETF (IBIT) recorded 18 consecutive days of inflows.
On Thursday alone, it took in $69 million and now holds over 572,000 BTC — worth around $69 billion.
Meanwhile, Bitcoin recently surged past $103,000, trading near $103,170 — the highest since January. With both governments and institutions buying aggressively, circulating supply is tightening at record pace.
This evolving environment signals a new era for investors. Retail buyers are now competing with nations and financial giants to secure BTC. The opportunity to buy below six figures may already be gone.