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