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Is Bitcoinâs limited supply the key to its future value? Thatâs the debate reignited by recent comments from tech mogul Michael Dell, who posted, âScarcity creates value,â and MicroStrategyâs Michael Saylor, who added, âBitcoin is Digital Scarcity.â
These insights have put a spotlight on the importance of scarcity in Bitcoinâs value proposition, as the cryptocurrency market anticipates the 2024 halving event. Bitcoinâs price, currently at $63,927.57, has dipped 2.88% in the last 24 hours, but the upcoming halving â which will reduce the rate of new Bitcoin creation â could have a significant impact on its future trajectory.
#Bitcoin is Digital Scarcity.
â Michael Saylor(@saylor) June 20, 2024
Historically, Bitcoinâs halving events have coincided with notable market value increases. The impending 50% reduction in new Bitcoin supply foâŠ
The post Bitcoin Price Dips, But Scarcity Narrative Gains Momentum Thanks to Dell and Saylor appeared first on Coin Edition.
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