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Why Scarcity is an Important Feature of Bitcoin

From cmegroup.com

Bitcoin finally broke its previous all-time high record and has been on an incredible run this year. It is up over 50% in the past two months, and more than $6 billion has entered the crypto market since spot bitcoin ETFs began trading earlier this year. The upcoming halving has the potential to push bitcoin prices even higher. Approximately every four years the total number of bitcoin that miners can potentially harvest is halved. This is a technical event that happens after every 210,000 blocks are added to the blockchain. Halving was written into bitcoin’s code to ensure scarcity and to protect from inflation. ... (full story)

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  • Category: Fundamental Analysis