The Number of Bitcoins That Can Be Mined is Only Small, Here's the Proof!
2024-08-16
Bittime - Bitcoin's declining inflation rate due to halving events every four years increases its appeal as a store of value. Listen to the explanation!
Bitcoin Inflation Rate Declines
Due to its halving event every four years, Bitcoin's inflation rate, which was initially very high, continues to decline. This has stabilized inflation rates at much lower levels, increasing Bitcoin's appeal as a store of value.
The number of Bitcoins that can be mined is still small
The persistent decline in stock highlights the disinflationary nature of Bitcoin, as fewer coins are available to mine. This scarcity, along with increased demand pressure, could impact the price of Bitcoin.
Read Also: MicroStrategy Plans to Buy $2 Billion in Bitcoin!
Investors Interested in Bitcoin Inflation
The persistent decline in Bitcoin's inflation rate indicates its disinflationary nature, making it attractive to investors seeking protection against conventional fiat currency inflation, which is often more unpredictable and higher.
Conclusion
Due to the halving every four years, the amount of Bitcoin that can still be mined decreases along with the Bitcoin inflation rate. The nature of disinflation makes Bitcoin increasingly scarce and attracts investors as a store of value assets.
Increased scarcity and growing demand could push Bitcoin prices up in the future. It can also protect investors from the more volatile inflation of regular fiat currencies.
How to Buy Crypto on Bittime
You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime.
Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.
