Part 12/16:
Blob of discussion revolves around the implications for the market: successful ETF approvals could tap into significant inflows, with estimates from $14 billion in the first year possibly rising to $38 billion over three years. These inflows could catalyze a new phase of Bitcoin adoption, increasing liquidity, price stability, and mainstream acceptance.
They emphasize that the supply of Bitcoin is nearly fully mined, with about five years remaining until nearly 99% of the supply is exhausted. This scarcity underpins Bitcoin's volatility—demand spikes lead to sharp price increases due to the inelastic supply.