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Home » Typography Elements » Glassnode: Bitcoin’s Inflation Rate Now Lower Than Gold
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Glassnode: Bitcoin’s Inflation Rate Now Lower Than Gold

By adminJul. 4, 2023No Comments1 Min Read
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Glassnode: Bitcoin's Inflation Rate Now Lower Than Gold
Glassnode: Bitcoin's Inflation Rate Now Lower Than Gold
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According to a new report from Glassnode, before the fourth Bitcoin halving event, 900 BTC were generated daily, resulting in an inflation rate of 1.7%. After the halving, the new issuance is roughly equivalent to 450 BTC per day, with an annual inflation rate of 0.85%. These indicators make the supply issuance rate of the network significantly lower than that of gold, which is typically an important asset compared to Bitcoin.

In addition, Bitcoin supporters believe that its digital nature makes it more divisible and portable than precious metals, making Bitcoin a modern medium of exchange. Due to the halving, the supply of Bitcoin will be more limited than gold, which means that theoretically, over time, Bitcoin will store its value better without being defeated by inflation.

Source Link:
https://decrypt.co/227940/bitcoins-inflation-rate-is-now-lower-than-gold-report

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Previous ArticleMonochrome partners with FalconX to provide liquidity support for Australias first physical Bitcoin ETF IBTC
Next Article Bloomberg Analyst Prediction of Approval for Physical Ethereum ETF S1 around July 4th May Be Delayed

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