đšCEO of BlackRock: âBitcoin protects youâ
â ETF Bitcoin obliges, the CEO of BlackRock entered the media arena where he was asked for his predictions regarding bitcoin.
đšBitcoin, digital gold
â Larry Fink said that bitcoin âis going to appreciate if people are worried about geopolitical tensionsâ:
đđ»âThere is no difference from what gold has represented for thousands of years. Itâs an asset class that protects you. But unlike gold, of which we extract a little more each year, we are almost at the bitcoin issuance ceiling. »
â Indeed, the difference between gold and bitcoin is immense, as we wrote in this article:
đđ»âWe take out more than 3,000 tonnes of soil per year and each year a little more than the previous year. Given that the global gold stock is around 180,000 tonnes, this gives us an S2F (Stock to Flow) ratio of 60. That is, it takes 60 years of production to double the existing stock.
â Bitcoin has a slightly lower ratio, for the moment... From next April, the date of the âhalvingâ, the quantity of BTC created each year will decrease by half. BTCâs S2F ratio will then explode to 120, officially becoming twice as difficult to create as gold. This ratio will exceed 1000 in 2035, when 99% of BTC will already be in circulation. »
