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