Dee Feat is in Dee Flation - part the fifty first

That ain't workin', that's the way you do it
Money for nothin' and your chicks for free
-- Dire Straits/1985

It's little talked about, but there's one Dirty Little Secret among the truly wealthy, 1%-ers and up: they love them their Depressions. Now, why would that be? Aren't they hurt, just like the hoi polloi? Not a bit of it. The neat thing about Depressions (and to a lesser extent, usually, Recessions): deflation. The beauty of deflation is that it increases the value of money stockpiles. And, since they have so much more than they spend on necessities, the truly wealthy find that their net worth goes up. For nothing. Ain't America Great Again?

Now we find that the Big Banks which had, heretofore, condemned crypto are now All In. And, why would that be? Because if crypto can wheedle its way into the whole economy, the bad guys win. Remember Gresham's Law? Bad money drives out good. The Law was described in the mid-19^th century, when American banking was a shambles. Much like the country itself. Actually, to most intents and purposes, not really a country. Bank notes, which were printed and distributed by local banks, were the common currency of the day.

So, where does crypto fit in? It's a classic way to debase the US Buck. Who has the gold, makes the rules.

Today, just 2% of cryptocurrency addresses control over 95% of all Bitcoin in circulation — a concentration of wealth that eclipses even traditional financial markets.

And, though you thought it can't get worser:

In contrast, many altcoins show even higher concentration levels, particularly those that launched through initial coin offerings (ICOs) or similar distribution methods. It is now relatively easy to create new tokens or coins using dedicated platforms, which has contributed to the rapid proliferation of altcoins and memecoins.

Kinda, sorta like the Goode Olde Days of the mid-19^th century, with everybody and his cat issuing bank notes. Retrograde, indeed.

So, how much bitcoin is out there, and how much remains to be 'minted'? Answer: a lot, and not much. As I type:

minted - 19,906,812.5
left   -  1,093,187.5

Some more background. The mining reward is down to 3.125 per added block. The next halving is expected around April, 2028, so 1.5625 will be the mining rate.

So, in sum: a country that can't control its own currency is anarchy. The Daddy Warbucks wet dream. The Real Elites (not them pointy head coastal wokenauts) will have theyselves one pure, unadulterated tin pot dictatorship to exploit. Since bitcoin supply is getting mighty close to stasis, they're now All In. Wonderful.