According to @ItsDave_ADA, Cardano’s fixed supply of 45 billion ADA mirrors Bitcoin’s programmatic scarcity and underpins a long-term store-of-value thesis, which frames a scarcity-driven investment approach for ADA exposure, source: @ItsDave_ADA on X August 10 2025. Cardano’s protocol defines a hard cap of 45 billion ADA with declining monetary expansion from reserves, making total issuance capped and predictable for supply analysis, source: Input Output Global documentation on Cardano monetary policy. Bitcoin’s supply is capped at 21 million with block reward halvings every 210000 blocks, establishing programmatic scarcity that traders benchmark for cyclical positioning, source: Bitcoin.org developer documentation on controlled supply. On Cardano, transaction fees and monetary expansion accrue to a rewards pot distributed to stake pool operators delegators and the treasury, and the protocol does not implement a native fee burn, shaping circulating supply dynamics and staking yields, source: Input Output Global Cardano Ledger documentation. For trade execution and risk management around the scarcity narrative, circulating supply and staking participation can be monitored via the official Cardano Foundation explorer to assess liquid float and potential sell pressure, source: Cardano Foundation explorer.