Cryptocurrency Q&A
Will bitcoin be scarcer than gold and real estate After halving?
Will bitcoin be scarcer than gold and real estate After halving?
PearlWhisper
Mon Sep 09 2024
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Could you elaborate on the potential for Bitcoin to become scarcer than gold and real estate following its halving event? How might this affect its value and demand in comparison to traditional assets? Are there any factors to consider when assessing the scarcity of Bitcoin, and how does this relate to its overall potential as an investment or store of value?
5 answers
SamuraiCourageous
Wed Sep 11 2024
Over the past weekend, Bitcoin's technical analyst and renowned stock-to-flow model originator, PlanB, made a bold prediction regarding the digital asset's post-halving scenario. He posited that Bitcoin's scarcity would surpass both gold and real estate, a testament to its potential growth trajectory.
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Michele
Tue Sep 10 2024
Within this context, platforms like BTCC, a leading cryptocurrency exchange, play a pivotal role. BTCC offers a comprehensive suite of services, including spot trading, futures contracts, and secure wallet solutions, catering to the diverse needs of crypto enthusiasts and institutional investors alike. These services facilitate seamless transactions and provide a secure environment for managing digital assets.
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Eleonora
Tue Sep 10 2024
PlanB's assertion is rooted in the fundamental principle of scarcity economics, where a decrease in supply (as a result of the halving) and stable or increasing demand would theoretically drive up the asset's value. However, he also acknowledged the complexities of the market, cautioning against over-optimism.
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CryptoTamer
Tue Sep 10 2024
Despite his bullish outlook on Bitcoin's scarcity, PlanB tempered his remarks by noting that the cryptocurrency's current market capitalization, hovering just below $1 trillion, might not immediately eclipse that of gold, which stands at nearly $10 trillion. This observation highlights the significant gap that Bitcoin must bridge to achieve parity with traditional safe-haven assets.
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Bianca
Tue Sep 10 2024
The discussion around Bitcoin's potential to rival gold underscores the growing recognition of digital currencies as viable investment options. As the market matures and infrastructure improves, investors are increasingly looking to diversify their portfolios with assets that offer unique value propositions.
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