Why Bitcoin is still the gold standard of cryptocurrency This week 19’000’000th bitcoin was mined. This means that there are only 2’000’000 left to mine by 2140. Bitcoin is scarcer than gold and basically any other valuable fungible asset, and there will only be 21 million of it. This is all public knowledge, but it still looks like most people do not fully realize how important Bitcoin’s scarcity is and how its actual price of $46k is far from representing its real value.
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This week in crypto. Why Bitcoin is still the…
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Why Bitcoin is still the gold standard of cryptocurrency This week 19’000’000th bitcoin was mined. This means that there are only 2’000’000 left to mine by 2140. Bitcoin is scarcer than gold and basically any other valuable fungible asset, and there will only be 21 million of it. This is all public knowledge, but it still looks like most people do not fully realize how important Bitcoin’s scarcity is and how its actual price of $46k is far from representing its real value.