Summary
TLDR: Bitcoin is not scarce despite the supply limit of 21 million BTC. Each coin is extremely divisible, with 100 million satoshis per bitcoin. The current circulating supply of bitcoin equates to 1.968 quadrillion sats, and by 2140, there will be 2.1 quadrillion sats. The US dollar is also scarce if bitcoin is considered scarce. While only 21 million people can own one bitcoin each, there are 53 million Bitcoin addresses with at least one satoshi. Bitcoin is not scarce, but sats are cheap. Consider pricing BTC in sats rather than whole coins.
Key Points
1. Bitcoin is not scarce and it’s not going to become so after the halving next week.
2. Yes, Satoshi Nakamoto coded Bitcoin with a supply limit of 21 million BTC. Bitcoin supply is finite. But that doesn’t make BTC, the currency, at all rare.
3. We’re largely accustomed to this by now, but one of bitcoin’s most appealing features is that each coin is extremely divisible, up to eight decimal places, making 100 million satoshis (sats) per bitcoin.