According to @TATrader_Alan, Bitcoin (BTC) has reached the milestone of 20 million mined, representing 95.24% of its 21 million cap. This scarcity is fueling institutional demand, with organizations like MicroStrategy holding significant amounts of BTC and 23 nation-states now owning Bitcoin. Additionally, the stock-to-flow (S2F) model for Bitcoin has reached 121, double that of gold, highlighting its increasing scarcity. These dynamics are setting the stage for a stronger scarcity narrative in the coming years.