Bitcoin’s Ascent: A Tale of Scarcity, Power, and the People

In April 2024, Bitcoin underwent its fourth “halving,” an event as inevitable as the turning of seasons. Miners, those modern-day prospectors laboring in server farms scattered across the globe, saw their rewards slashed to 3.125 coins per block. This mechanistic act of scarcity-a deliberate feature of Bitcoin’s design-has tightened the noose around supply, leaving fewer coins for the market to feast upon. And who steps in to claim these dwindling treasures? Not the average worker scraping together savings, but vast institutional machines like U.S. spot exchange-traded funds (ETFs).








