Bitcoin Fixed Supply
No central bank can create more. “The debate about bitcoin and other crypto tends to be very passionate Fixed supply is a problem, not necessarily a benefit. The supply is fixed. A UBS Chief Economist Says Bitcoin’s Fixed Supply Is a ‘Fundamental Flaw. There can never be more than 21 million btc autovhc BTC — ever. This means that Bitcoin does not respond to changes in supply, but only to changes in demand According to Lo, Bitcoin is not money, nor is it a store of value, but rather a “vehicle for speculators.” In fact, the analyst believes that the reasoning behind Bitcoin’s popular ‘store of value’ narrative is flawed in the sense that Bitcoin’s fixed supply is a problem for the asset and not necessarily a benefit Fixed supply and the still relatively small market cap dubai bitcoin conference of Bitcoin (“it’s early days!”) have become the standard responses to the challenge that Bitcoin’s dollar price is much too volatile for serving the purposes its proponents assign to it American publisher Steve Forbes has attacked bitcoin’s fixed supply saying this feature actually curbs the ability of the crypto to “meet the needs of a growing economy.” He also argues that bitcoin c Steve Forbes Says Bitcoin’s Fixed Supply Limits Its Ability to ‘Meet the Needs of a Growing Economy’. Forbes insists that money only works best if it […]. Once all coins are all mined, no more can ever be generated. Contrary to the conventional wisdom that the finite supply of bitcoins and cryptos is a benefit and protects value, it is in fact a big problem for them being considered as money. That might not seem like big news to you, but economists are up in arms over what bitcoin fixed supply will happen in a currency system that has a fixed supply..American publisher Steve Forbes has attacked bitcoin’s fixed supply saying this feature actually curbs the ability of the crypto to “meet the needs of a growing economy.” He also argues that bitcoin cannot replace the dollar because it is presently too volatile to function as money. UBS is the largest bank in Switzerland. The maximum number of bitcoins that can ever be mined is 21 million Once Bitcoin hits that amount, miners will no longer receive block rewards, and no new Bitcoins will enter the market.