There are only 21 million that will ever be circulated. Surprisingly, based on his analysis, we are still in the very early stages of Bitcoin adoption. You can see this by breaking down the total Bitcoin held in wallets. For example, less than 700,000 Bitcoin addresses in the entire world hold more than 1 Bitcoin. He see this as an opportunity. As more businesses, institutions and people looking for an alternative to fiat currency choose Bitcoin… demand will increase for an asset designed with a scarce supply.