Following the recent, third halving, Bitcoin is now in its fourth block reward era.
It is more like the creation of the Bitcoin network than the two previous halving events.
The block reward halvings are reminders of Bitcoin's promise to herald a new and more responsible era of monetary policy.
While Bitcoin was conceived in the wake of the global financial crisis and the expansive rescue plans of central banks worldwide, its two halvings since have occurred in periods of relative stability.
With a $2.3T injection, the Fed's plan far exceeds the 2008 rescueThe last block mined during the third block reward era included a message reminding us of Bitcoin's potential in the financial future and the environment in which the halving occurred.
At the current rate of 6.25 BTC created every block, it would take 56 years to replace every Bitcoin in circulation.
Gold's stock-to-flow ratio is 58.3.As Bitcoin becomes twice as hard an asset as it was prior to the halving, fiat currency is loosening dramatically.
The situation mimics the conditions in which Bitcoin was created.
Of course, Bitcoin was envisaged as a peer-to-peer electronic cash system.
The sheer volume of money being printed when Bitcoin was created and again ahead of its third halving make for a compelling argument for Bitcoin as an investment grade, supply-limited asset against a backdrop of virtually endless stimulus.
This Post-Halving Bitcoin Era Will Be Unlike Any Other
Publicado en May 26, 2020
by Cointele | Publicado en Coinage
Coinage
Mencionado en este artÃculo
Noticias recientes
Ver todo
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.