Bitcoin's 'Infinite' Paper Supply — Not Wall Street — Is The Real Problem, Says Analyst

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Why This Matters

A veteran analyst suggests that Bitcoin's 'infinite' paper supply, created by financial derivatives and other products, is the real problem behind its recent price drop, rather than traditional market narratives.

Market Impact

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

As Bitcoin (CRYPTO: BTC) slid back from recent highs, some market voices blamed outdated narratives such as four-year cycles or technical anomalies. Others argue the issue runs much deeper. BTC's ‘Theoretical Infinite' Supply Veteran technical analyst Bob Kendall said Bitcoin is no longer priced by on-chain scarcity or the fixed 21-million supply. Once financial layers were added, including futures, perpetuals, options, ETFs, lending products, wrapped BTC and swaps, Bitcoin effectively lost scar

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Original article published by Yahoo Finance on February 8, 2026.
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