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Bitcoin Scarcity May Make Owning Full Coin Challenging, Warns Binance's CZ

Guavy AI Editorial Team
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Binance founder Changpeng Zhao (CZ) has highlighted Bitcoin's limited supply, stating that over 20.07 million BTC have been mined and an estimated 10-20% may be lost forever.

This scarcity could make owning a full Bitcoin difficult even for millionaires, given there are approximately 23.6 million millionaires in the US alone.

CZ's comments revive discussions on Bitcoin potentially reaching $1 million by 2033, but he cautions that scarcity alone doesn't guarantee price rises amid volatile market conditions.

Investors should conduct thorough research before investing, according to CZ.

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