Post
Topic
Board Economics
Re: Btc new oil for USA
by
southerngentuk
on 16/03/2024, 20:44:05 UTC
Bitcoin's finite supply is undoubtedly one of its most intriguing features. Unlike traditional resources, where extraction costs can increase, Bitcoin's scarcity is mathematically guaranteed.  With over 19 million Bitcoins already mined, the remaining 2 million will be slowly released over the next century.

This scarcity has led some to view Bitcoin as a "digital gold," a store of value in an increasingly digital world.  Gold's limited supply has historically made it a hedge against inflation.  Similarly, Bitcoin's proponents believe its finite nature will give it long-term value.

Furthermore, the growing acceptance of Bitcoin as an investment asset adds another layer of intrigue.  Imagine a world where Bitcoin is not just a fringe technology, but a mainstream investment option, traded alongside stocks and bonds.  This growing adoption could potentially influence its value.