The HODL Model: Bitcoin Illiquid Supply Is Outpacing Issuance Today


The writing of this article was supplemented by Sam Rule.


The “HODL model hypothesis” is that bitcoin has crossed a historic inflection point where the asset’s illiquid supply is outpacing the rate of new supply issuance. Future halvings with lower supply issuance will only exacerbate this divergence.

Illiquid supply as a percentage of circulating supply will grow in a parabolic fashion as bitcoin’s digital scarcity drives investor behavior towards store of value as the dominant use case. As a result, illiquid supply will approach 80% of circulating supply by 2036.

Read More:   The Financialization Of Bitcoin Mining Today

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More