Tonight, the 20 millionth BTC is about to be mined. What does this mean? The remaining 1 million will take until the year 2140 to be fully mined. The progress bar is already at 95%. --- But the really interesting part is the time distribution. The first 19 million took 15 years. The last 1 million will take 116 years. Why? Because of the halving mechanism every 4 years, mining rewards keep getting slashed in half. In 20 days, the next halving will occur, reducing the block reward from 6.25 to 3.125. The math is brutal: the scarcity curve is insanely steep. --- Now, let’s look at the current market: Fear & Greed Index at 12, extreme fear. What are institutions doing? BlackRock ETF is seeing continuous inflows, but the price is moving sideways. On one side, we have the ultimate hard asset with supply about to shrink drastically. On the other, a market paralyzed by fear of a crash. This kind of...