The Coming Bitcoin Liquidity Crisis: Why $500K BTC May Be the Floor, Not the Ceiling
Bitcoin's Monetary Singularity. A Stock-to-Flow Analysis of Global Demand, Scarcity, and the Repricing of Risk (2009–2026)Wealth Matters 3.0 Live Coverage From Bitcoin 2025 in Las Vegas
Introduction: The End of the Beginning
Bitcoin is no longer an experiment. It is now a macroeconomic signal, one increasingly impossible to ignore, and today kicks off the largest in-person conversation around the topic in Las Vegas at Bitcoin 2025.
From 2009 to 2025, Bitcoin evolved from a peer-to-peer novelty into a sovereign-grade financial instrument, commanding respect from central banks, wealth platforms, corporate treasuries, and increasingly, sovereign states. Today, investors face a binary decision: either understand Bitcoin’s economic implications, or be caught flat-footed as global capital reprices around it.
In today’s post I will do my best to integrate:
The stock-to-flow (S2F) scarcity framework;
Over $600 billion in projected institutional flows through 2026 in a recent report by UTXO;
Bitcoin's 15-year outperformance versus gold;
A rising
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