r/BitcoinUK

For those of us who remember running nodes back when the block subsidy was 50 BTC, watching this animation hits differently. We’ve watched this network grow from a cypherpunk curiosity on an obscure cryptography mailing list into the immutable anchor of a new global financial system.

Satoshi’s algorithmic monetary policy is doing exactly what it was programmed to do. No bailouts. No printing presses. Just pure, unyielding math.

>95% of the total supply is already gone: 20,000,000 #BITCOIN have been secured. The entire planet must now fight over the remaining 1,000,000 BTC for the next 114 years. You are looking at the genesis of absolute, mathematically enforced scarcity.

Look closely at the chart. That massive blue area? That is the era of distribution. We lived through it. That microscopic sliver remaining in the circle? That is the battleground for the next century. Our children and grandchildren will live in an era where nation-states and institutions fight over fractions of what ordinary people could mine on a laptop in 2010.

The era of easy accumulation is definitely over. We are now entering the era of absolute supply shock.

We want to hear from both the veterans and the newcomers in here:

1. During which epoch/halving era did you finally fall down the rabbit hole?
2. As we look toward that final 1 million BTC stretched over 114 years, how do you see the network adapting as the security budget transitions entirely to transaction fees?

Tip of the hat to the creator, Wicked (@w_s_bitcoin / wickedsmartbitcoin.com), for putting together one of the most powerful visual representations of Bitcoin's issuance we've ever seen. Credit where it's due.

I got this email, answered the questions in the website, went to do a test buy in my SIPP and it said I needed to complete a cETN questionnaire.

I’ll raise a support ticket with them.

Email says it’s only SIPP and General Investment accounts that are allowed.

Update: I logged out and back in again after 10mins and could buy without issue.

Only about 106 million people are estimated to directly own btc. That's roughly 1.3% of the global population. Fewer than 1 million wallets hold a full Bitcoin.

Ownership is still heavily concentrated, and most poeple with any exposure at all are holding through ETFs or exchange accounts, not actual self custody.

Ngl the "Bitcoin is mainstream" narrative sounds way bigger than the numbers actualy suggest.

So are we still early, or is Bitcoin just an asset most people will never own?

Since May 4, we marked the price top, and up to today, May 11, Bitcoin has been moving sideways.
Price is squeezed between support and resistance.
On the bigger picture, Bitcoin is moving inside a sideways upward channel. Last week, it ran into resistance near the upper boundary of that channel.
The lower boundary of the channel is the risk zone.
Not financial advice.

Crypto ticker

If you had bought $136K worth of potatoes last month, you’d be a millionaire today.
Potato prices jumped from €2.5 to €18.5 per 100 kg after fertilizer supplies were hit following the closure of the Strait of Hormuz.
At this point, exchanges might start adding futures even for random stuff like potatoes.

Which commodity is next?

People are already betting on Polymarket and other prediction markets over what happens with the CLARITY Act.The odds have moved a lot over the past few days: it was around 75–80%, then dropped to about 59–62%, and now it’s bouncing somewhere around 60–70%.Why the odds dropped and became less certain: some banking lobby groups are pushing back against parts of the bill, Republicans and Democrats are still arguing over the details, and there’s a real risk the bill could get watered down, delayed, or only passed in a limited version.But the market has not fully flipped bearish on it.Mainly because the Trump administration looks pretty pro-crypto right now.
Even if the committee votes “yes” on May 14, the bill still needs 60 votes in the Senate.
Democrats are pushing to add ethics rules that would ban government officials from holding crypto assets.
The deadline is important: if the bill doesn’t pass before May 21, when Congress goes on recess, it could get pushed back to 2027, or even 2030.

Strategy said it may consider selling some BTC to help fund dividend payments.
The company also reported nearly a $12.5B loss for Q1, mostly due to Bitcoin’s price drop and accounting revaluation losses.
At the same time, Michael Saylor said Strategy still plans to remain a long-term BTC buyer.
What happens if the largest corporate holders start taking partial profits on BTC?

This is a slide from Michael Saylor’s presentation.

KEY LEVEL: $77,663
SUPPORT: $77,600–$77,103
RESISTANCE: $79,673–$79,926
MAJOR RESISTANCE: $80,365–$82,212
NEXT MAJOR RESISTANCE: $85,600
SUPPORT: $75,000–$73,155
MAJOR SUPPORT: $70,500–$69,400

Wait for confirmation before entering a trade.
Not financial advice.