2025-12-26 01:24:27

Bitcoin was born after the 2008 financial crisis and was released by Satoshi Nakamoto in 2009. It first appeared to the public as a decentralized digital currency.

But here’s a problem— from an economic perspective, Bitcoin doesn’t meet the definition of money at all. Why? Its total supply is capped at 21 million coins, and this extreme scarcity makes it impossible for everyone to hold it, violating the fundamental circulation property of money.

The data is even more shocking. Only 17.07 million Bitcoins have been mined, but the circulating supply reported by global trading platforms exceeds 100 million coins. In other words, the number of Bitcoins traded in the market is more than five times the actual supply. This virtual market, which appears out of nowhere, is used to inflate prices easily.

So the real question is: who is behind all this manipulation?

To understand this, first know what digital assets are valued in. Don’t think it’s the US dollar; it’s actually USDT. The issuer of USDT, Tether, has become the central bank of the digital asset world.

In July 2014, Brock Pierce and Reeve Collins launched the RealCoin project in California, aiming to develop a new digital currency based on the Bitcoin protocol. In November of the same year, Reeve Collins announced the project was renamed “Tether” with himself as CEO, officially stepping onto the stage.

BTC1.53%

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FadCatcher

· 4h ago

Wait, the circulation is five times the actual supply? Isn't that a huge joke?

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WalletManager

· 4h ago

1. A circulation of 100 million coins out of an actual supply of 17.07 million... This kind of number play is truly impressive; only those with the private key are the real holders. 2. Does monetary theory deny Bitcoin? That logic is a bit presumptive; digital assets have long surpassed the traditional currency scope. 3. The position of Tether as the central bank needs to be viewed with a cold eye. Multi-signature wallet audits are the key; don’t be fooled by superficial endorsements. 4. Mining 17.07 million coins but trading over a hundred million... On-chain analysis data has long been obvious; the real game of cutting leeks is so exposed. 5. I don’t believe in virtual exchanges stored in contracts, but I trust private key management can save lives. Holding onto your chips is always the top priority. 6. The central bank narrative in the crypto world is too fantastical, but the fact that USDT supports the liquidity of entire exchanges is indeed outrageous. 7. Basically, it’s just the scale of a Ponzi scheme; wake up to long-term holding, the risk factor is off the charts. 8. Who’s behind the manipulation? Isn’t it those institutions and exchanges? It’s high time to switch to cold wallets for self-custody.

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tx_pending_forever

· 4h ago

Wait, the circulation is five times the actual supply? That's an outrageous number. Who gave the guts to do such a thing?

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rugged_again

· 4h ago

Wait, 100 million in circulation vs. 17 million actual supply? That's such a huge discrepancy, who gave the guts to say that?

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Degentleman

· 4h ago

Wait, the circulation is five times the mined amount? How is this number calculated? It seems unbelievable.