Bitcoin’s Scarcity Is Being Repriced by Financial Access

[nihalsari]

In 2026, Bitcoin is no longer judged on supply limits alone. While its 21-million cap remains unchanged, scarcity is increasingly shaped by how investors access Bitcoin, especially through ETFs and regulated derivatives. Many participants now gain exposure via brokerage accounts rather than directly on-chain, reframing Bitcoin from a purely self-sovereign asset into a financialized instrument.

This shift doesn’t weaken Bitcoin’s scarcity, but it changes how it is priced. Liquidity management, hedging activity and derivatives positioning now play a larger role in market behavior. Bitcoin’s scarcity today reflects not just code-enforced limits, but also its growing integration into traditional financial infrastructure.

[cryptobro]

bitcoin being scarce and financialized at the same time is a weird shift to watch