How soon will spot ETFs buy up most of the available BTC?

[Lucius]

According to data provided by Coinglass, the top 20 CEXs have a total of slightly more than 1.8 million BTC in their possession, and according to publicly available data, spot ETFs in the US have purchased slightly less than 350 000 BTC since trading was approved.

What the data also shows is that the top 20 CEXs lost about 55 000 BTC in the past month, and considering that ETFs mostly buy through the OTC, the question is how deep is that bag and when will it dry up? What comes to my mind as an interesting question is how much it actually takes for the amount of BTC on the top CEXs to approach critical levels if ETFs + everyone else, for example, would continue to buy at the same rate until the end of this year?

I will immediately give an answer and say that in the next 10 months ETFs could remove between 1 and 1.3 million BTC from the market, which of course would have an incredibly positive effect on the price.

A question for everyone - do you think it will happen in the future that there simply won't be enough BTC for all those who want to buy it?

[Don Pedro Dinero]

A question for everyone - do you think it will happen in the future that there simply won't be enough BTC for all those who want to buy it?

Let's see, it's not that it's going to happen, it's what has been happening practically since the beginning when Bitcoin started to be traded. When there are fewer Bitcoins for sale than people want to buy, what people who want to buy do is raise the price and that way there are more people who want to sell. I don't want to sell my house for €200,000, but if you offer me €300,000 I might think about it. And for €500,000 I'll sell it for sure. Something similar happens with Bitcoin. ETFs add buying pressure so they drive the price upwards.

[Lucius]

Let's see, it's not that it's going to happen, it's what has been happening practically since the beginning when Bitcoin started to be traded. When there are fewer Bitcoins for sale than people want to buy, what people who want to buy do is raise the price and that way there are more people who want to sell.

The situation in the past (the first 4-5 years) and what we have today are quite different. Back then, people mined with their personal computers and got 50 BTC per block, and the big players involved with BTC today probably didn't even know that such a thing even existed. The rules of the game have definitely changed and Bitcoin is definitely a much more sought-after "commodity" than before.

I don't want to sell my house for €200,000, but if you offer me €300,000 I might think about it. And for €500,000 I'll sell it for sure. Something similar happens with Bitcoin. ETFs add buying pressure so they drive the price upwards.

This makes sense, because the amount of BTC available for sale can always change, the only question is at what price someone is willing to sell it and how much someone is willing to pay for it. What is an indisputable fact is that we cannot compare retail customers with institutions and companies that manage tens of trillions of $ and for whom Bitcoin at the current price is not as expensive as ordinary people.

[Fivestar4everMVP]

A question for everyone - do you think it will happen in the future that there simply won't be enough BTC for all those who want to buy it?

I honestly wish I could answer "it's not possible" to this question, but let's not beat about the Bush, for; to what ever has a pro, there is definitely a con besides it.
This question honestly is hard to answer, possibly because one may not want to accept the fact that all the current supply of bitcoin may potentially or likely end up in the hands of fund managers, which we can also refer to as the government, leaving nothing for the common man out there, but actually, this is the reality, this may likely happen if funds managers continue to buy bitcoin at the current rate they are buying it, if they don't slow down any time soon, then am afraid to say that, we may come to a time when even big exchanges will run short of enough bitcoin for people to buy.

But another question will be, who will be buying bitcoin when it becomes very scarce and highly expensive?

[arabspaceship123]

When you're comparing it with mining you'll see big companies pushed out small miners by building ASIC farms. It's going to be like it with spot ETF's they'll buy what they can so it's going to push prices higher meaning ordinary ppl won't be able to buy bitcoin.

But another question will be, who will be buying bitcoin when it becomes very scarce and highly expensive?

[Lucius]

This question honestly is hard to answer, possibly because one may not want to accept the fact that all the current supply of bitcoin may potentially or likely end up in the hands of fund managers, which we can also refer to as the government, leaving nothing for the common man out there, but actually, this is the reality, this may likely happen if funds managers continue to buy bitcoin at the current rate they are buying it, if they don't slow down any time soon, then am afraid to say that, we may come to a time when even big exchanges will run short of enough bitcoin for people to buy.

The common man still has an advantage over funds and governments, and that advantage lies in the fact that we realized the potential that Bitcoin has long before them, and that certainly millions of BTC belong to common people who will not sell them so easily. So I think the common man will always find a way to buy BTC, whether it's using CEX, DEX or some other method.

But another question will be, who will be buying bitcoin when it becomes very scarce and highly expensive?

Those who have money for luxury, and the fact is that every year we have more and more millionaires and billionaires, and just the other day I read that a rich man was fascinated when he saw that another man had a watch worth $1 million. I have no doubt that there will always be buyers, even those who will be ready to pay a high price to have something in their possession.

[Google+]

The common man still has an advantage over funds and governments, and that advantage lies in the fact that we realized the potential that Bitcoin has long before them, and that certainly millions of BTC belong to common people who will not sell them so easily. So I think the common man will always find a way to buy BTC, whether it's using CEX, DEX or some other method.

As you know, it seems like there are still many people who don't know about Bitcoin and ordinary people feel confused about how to buy Bitcoin and they are very afraid when they get into Bitcoin because there are very scary risks because if you make a wrong Bitcoin transaction you can't go back and Bitcoin price movements are unstable. cannot provide a guarantee of profit.

[Lucius]

~snip~

Of course, there are a lot of people who still don't know about Bitcoin, but I was primarily thinking of the fact that Bitcoin has existed since the beginning of 2009, and that from then until 2017, when Bitcoin somehow entered the mainstream, ordinary people had the opportunity to invest in the same - while the rich and various companies started doing this only after 2017.

As for risk, confusion and volatility, it's all part of the game that needs to be learned to play. Fortunately, knowledge is available online and is completely free for anyone who knows how to look for it.