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Investor Cathie Wood has named $1.25 million as her Bitcoin ($BTC) price target, with a tightening supply as the core rationale.
The forecast, attributed to Wood by TheStreet, rests on the idea that available Bitcoin is disappearing from the market — a supply-side argument that has gained traction among long-term bulls but remains hotly contested.
What "Vanishing Supply" Actually Means for Bitcoin Bitcoin has a hard cap of 21 million coins baked into its code — no central bank can print more. That fixed ceiling is the starting point for any supply argument.
On top of the cap, a mechanism called the halving periodically cuts the rate at which new coins are created, reducing the flow of fresh supply roughly every four years.
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