Bitcoin is about to reach the 20 millionth coin mined, with over 95% of the supply already in circulation. The remaining 1 million coins are expected to be mined within 114 years. This milestone reinforces Bitcoin's scarcity and value. Its issuance rate is controlled by the halving mechanism, and miners' income will gradually shift toward transaction fees, posing new challenges to the network's economic model.

Gate News Update, March 2nd. According to CoinMarketCap data, as of press time, VVV (Venice Token) is currently priced at $6.63, up 24.08% in the past 24 hours. The highest price reached $6.65, while the lowest dipped to $3.18. The 24-hour trading volume is $43.6 million. The current market capitalization is approximately $294 million, an increase of $57 million from yesterday. ## Recent Important News about VVV: 1️⃣ **Airdrop Completion and Token Burn Event** Venice's airdrop program has officially concluded, with $100 million worth of unclaimed VVV tokens being burned. This move directly reduces the circulating supply in the market, enhancing the token's scarcity and supporting its price. The burn event signals the project's emphasis on ecosystem stability, which helps to

The Polkadot network will undergo its first halving on March 14, with the issuance volume expected to decrease from 120 million to 55 million tokens. Market expectations for DOT scarcity have increased, leading to a price rise of approximately 27% over the past week. The new regulation has enhanced network liquidity and security, while ETF applications have also attracted attention. The future trend remains highly watched by the market.

The number of Bitcoin whale wallets is approaching 20,000, reaching a high level for this phase, indicating that well-funded investors are increasing their holdings during the price adjustment period. This behavior typically signals reduced short-term selling pressure and potential for future price increases. Although the market is still influenced by macro factors, the whale holding trend is seen as a forward-looking indicator, reflecting high-net-worth investors' recognition of Bitcoin's scarcity.

February 25 News, Bitcoin is迎来 a new era of institutional adoption. Reports show that by 2025, Wall Street institutional investors will have accumulated 829,000 Bitcoins, marking a shift of Bitcoin from a fringe speculative asset to a strategic reserve asset. Large asset management firms, hedge funds, and corporate finance departments are all incorporating Bitcoin into their long-term asset allocations, highlighting confidence in its scarcity and potential value. The large-scale purchases by institutional investors are driven by inflation pressures, macroeconomic uncertainties, and the gradually clarifying regulatory framework. Bitcoin's fixed supply of 21 million coins provides predictability for investment portfolios, while transparent cryptocurrency custody and tax policies reduce barriers to institutional participation. This strategic buying not only reflects trust in digital gold but also prompts a structural reallocation of capital within investment portfolios.

Lily Liu, Chair of the Solana Foundation, stated at the Consensus 2026 conference that blockchain is financial infrastructure, with the key being providing digital scarcity and trustworthy value. She believes that combining Web2 applications with public blockchains is essential to unlocking the full potential of the ownership economy, and native financial applications are expected to reshape the global financial system.

Bitwise Asset Management Chief Investment Officer Matt Hougan pointed out in an interview that the bear market in the crypto space is influenced by a four-year cycle rather than a single factor. He believes investors are currently more inclined toward gold and AI stocks, with market concerns centered on quantum computing risks and changes in Federal Reserve personnel. Despite Bitcoin's weakness, he remains optimistic about the development of crypto ETFs, emphasizing that Bitcoin's scarcity will not change.

Bestselling author of "Rich Dad Poor Dad" Robert Kiyosaki once again publicly endorses Bitcoin. In a social media post promoted by Bitcoin historian Pete Rizzo, he stated that if he could only choose one asset, he would firmly choose Bitcoin over gold or silver. This statement quickly sparked heated discussions in the crypto and macro investment communities. Kiyosaki has always advocated for "hard assets" to hedge against the declining purchasing power of fiat currency, but this time, he places Bitcoin above precious metals. His core reasoning lies in its scarcity structure: Bitcoin's maximum supply is encoded in the protocol, fixed at 21 million coins, with a verifiable and unchangeable supply cap. He believes this "programmatic scarcity" is superior in the long term to traditional precious metals that rely on mining and reserve estimates.

A recent study shows that approximately 2.3 million to 3.7 million Bitcoins have been permanently lost worldwide, accounting for 11% to 18% of the maximum supply of 21 million. According to Ledger's 2025 report, these Bitcoins are mainly lost due to holders losing private keys, passing away without transferring access, or early wallets being unrecoverable, leading to them being completely removed from circulation. Unlike fiat currencies, which can be continuously issued, the total supply of Bitcoin is encoded in the protocol. When these tokens are permanently "lost," the available supply in the market shrinks accordingly. Several on-chain data agencies, including Glassnode, point out in their economic models that when supply decreases while demand remains stable or even increases, the price center tends to be driven higher. "Every Bitcoin that can no longer be used makes the remaining circulating assets more valuable," said an analyst.

Bitcoin price drops below $70,000. Analysts point out that its scarcity is affected by derivatives such as ETFs and futures, leading to "synthetic supply" that causes price fluctuations to be more driven by derivatives, reflecting structural changes in the Bitcoin market.