I'm not questioning you, but Willy Woo and his prediction-charting game. While it's true that futures bettors don't have ownership of the asset, they wouldn't have engaged in longterm ownership of the asset if the futures products didn't exist. They're after liquid price exposure. This is the game of leverage, futures, and HFT trading. The supply shock Woo talks about is something that will come about through longterm hodling, the distribution schedule reduction (halving), more BTC locked into LN channels, and monetary expansion of the USD through falling rates and stimulus.