2317: $10M Bitcoin Is Locked In - The Endgame Has Started
Bitcoin News Alerts | Daily BTC Macro Signal
Bitcoin News Alerts
3.8 • 636 Ratings
🗓️ 22 April 2026
⏱️ 21 minutes
🧾️ Download transcript
Summary
Bitcoin has entered a new phase - and most of the market hasn't realized it yet.
With over 20 million BTC already mined and millions permanently removed from circulation, the available supply is shrinking rapidly. At the same time, institutional demand is accelerating, with Wall Street, sovereign funds, and corporations all competing for a fixed asset.
This episode breaks down why $10M Bitcoin is no longer a hypothetical - but the natural outcome of a global supply shock colliding with massive capital inflows.
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Transcript
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| 0:00.0 | $10 million Bitcoin did not start today. It's already happening. Most people haven't caught up. |
| 0:06.9 | No, Bitcoin is not being accumulated. It's being removed from the market, from circulation, |
| 0:12.8 | and from you. Let me show you what just happened. As you can see here in your screen, |
| 0:17.7 | Bitcoin Wales just did this. In the last 90 days alone, they accumulated over |
| 0:22.1 | one million Bitcoin, not from trading, not from selling, from removing supply at scale. |
| 0:29.9 | That changes everything, because once you understand that, you understand this. 10 million |
| 0:35.9 | dollar Bitcoin is already the base case. Think about that for a second. |
| 0:40.0 | Not $100,000, not $1 million, $10 million per Bitcoin. Michael Saylor said, if I get 7.5% of the |
| 0:47.9 | network, it's $10 million per coin. And right now he has close to 4% of the network. Let that sink in. |
| 0:54.0 | Most people still haven't caught up. |
| 0:56.5 | Five million was the conservative case before supply disappeared. |
| 1:00.8 | Here's what just happened. |
| 1:02.7 | Bitcoin didn't suddenly become more valuable. |
| 1:05.5 | The supply just became unavailable, quietly. |
| 1:08.6 | And then all at once. |
| 1:09.5 | For years, the market operated under one assumption. |
| 1:12.7 | There would always be Bitcoin available to buy. That assumption is now breaking, because the |
| 1:18.2 | structure of the market has changed. More than 20 million Bitcoin have already been mine, |
| 1:22.8 | and there's less than one million to remain to be issued over the next 100 plus years to the year 2140. |
| 1:29.4 | But that's not the real constraint here. |
| 1:32.1 | The real constraint is the liquid supply, which is estimated to be 1.9 million Bitcoin |
| 1:37.5 | available to buy on the exchanges. |
... |
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