Part 3/13:
Further evidence supporting scarcity is the concept of supply retreating. Unlike previous halving cycles where supply would increase, current on-chain data suggests Bitcoin’s available circulating supply is shrinking rapidly. According to chart data and expert commentary, if the current trend persists, Bitcoin could approach zero supply availability within the next few years—potentially by 2028—and evolve into a true digital gold with unprecedented scarcity. The possibility of Bitcoin hitting a $10 million valuation per coin was floated as a theoretical extreme, highlighting how scarcity alone could push prices into the hundreds of thousands or even millions.