BlackRock Sounds the Alarm: There’s Not Enough Bitcoin for Every Millionaire

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BlackRock, the world’s largest asset manager, has just dropped a bombshell: there’s not enough Bitcoin to go around—not even for every American millionaire. Yes, you read that right. If each of them wanted to own just one single Bitcoin, the math simply doesn’t work out.

This isn’t just a fun thought experiment. It’s a powerful reminder of Bitcoin’s unique scarcity—and the potential consequences for its price.

Scarcity by Design: Why Not Everyone Can HODL

On February 26, BlackRock released a report discussing Bitcoin’s role in multi-asset portfolios. It wasn’t your typical dry finance brief. This one came with a serious warning: Bitcoin’s supply is more limited than most people realize.

“As multi-asset portfolio managers, we believe Bitcoin offers long-term investment potential for certain investors and may provide unique and complementary diversification sources.”

Translation? Bitcoin’s not just some speculative asset—it may belong in serious portfolios.

The report goes on to highlight several macro factors fueling interest in Bitcoin:

Geopolitical uncertainty
Mounting government debt
Massive fiscal spending
And the cherry on top? Shifting regulations that could unleash a wave of innovation in crypto infrastructure.

Institutional Demand Meets a Shrinking Supply

Here’s where things get juicy. While the total Bitcoin supply is famously capped at 21 million, the number of coins actually in circulation is much lower.

“What’s less well-known is that a conservative estimate of 3 to 4 million Bitcoins are permanently inaccessible—lost, forgotten, or locked behind misplaced keys.”

In other words, a sizable chunk of Bitcoin is effectively gone forever, turning the already scarce asset into something even rarer.

BlackRock drives home the point with a simple yet powerful illustration:

“If every millionaire in the United States asked their financial advisor to get them one Bitcoin, there wouldn’t be enough.”

That’s right—not even the rich can all have one.

Bitcoin Critics, Meet Your Counterargument

To wrap things up, BlackRock took aim at the critics who say Bitcoin has “no intrinsic value.” Their response? Not so fast.

“Critics often argue that Bitcoin lacks intrinsic value. On the contrary, we believe the features discussed represent fundamental and attractive sources of value.”

The report continues to highlight Bitcoin’s rising importance in a world shaped by:

Digital transformation
Soaring global debt
And AI-driven innovation

Their prediction? As the world becomes more digital and economically unstable, more people will wake up to Bitcoin’s value proposition—not as hype, but as an asset with serious staying power.

Conclusion: The Bitcoin Supply Crunch Is Real

If even BlackRock is raising the alarm about Bitcoin scarcity, you might want to check your portfolio—or your cold wallet. Because when the demand surge comes (and it will), the price chart may start looking more like a roller coaster aimed at the moon.

Pro tip: If you’re not a millionaire yet, maybe stack some sats.

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Madeline

I have been drawn to technology and science fiction since I was a child. Studying IT has drawn me to the world of cryptocurrencies, where I have been working since 2014. I have learned a lot since then. And I still have a lot to learn. What fascinates me most about them is that they connect so many worlds together and the possibility of free choice. Without limits.