Why does the ‘Bitcoin block halving’ matter
In the slightly reinterpreted words of “tincan2” on Bitcointalk.org:
“21 Million Bitcoin
7.5 Billion people
You do the math.”
Bitcoin's scarcity is a fundamental feature that sets it apart from fiat currencies. fiat currencies can be endlessly printed, leading to decreased purchasing power due to constant inflation, Bitcoin has a fixed supply cap of 20,999,999.9796 BTC. This means that no matter what happens, there will never be more than this amount of Bitcoin in circulation. The laws of supply and demand dictate that with limited supply, the value of Bitcoin will only continue to rise over time. In contrast, fiat currencies will inevitably lose value due to their unlimited minting potential and constant inflation, making them a less reliable store of wealth.
The block halving protocol is a crucial mechanism that guarantees Bitcoin's scarcity and protects its value from the threats of inflation. With a steadily decreasing supply and a growing global demand, Bitcoin's purchasing power is set to only strengthen over time, solidifying its position as a superior alternative to traditional fiat currencies.
In the slightly reinterpreted words of “tincan2” on Bitcointalk.org:
“21 Million Bitcoin
7.5 Billion people
You do the math.”
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