Bitcoin’s Issuance Rate: A Profound Change
A crypto influencer known as Stack Hodler argues that Bitcoin has undergone a significant change in its issuance rate, making it a very different asset from what most people perceive. Stack Hodler explains that 93 percent of Bitcoin’s total supply has already been issued in the first 14 years of its existence, primarily through mining rewards. However, in the next 14 years and beyond, new issuance will slow down drastically, estimated to be less than half a percent of the total supply after 2037. This increased scarcity will transform Bitcoin into an entirely distinct asset.
Bitcoin: The Hardest Form of Money
Stack Hodler believes that as new issuance decreases and understanding of Bitcoin’s monetary properties grows, the impact will be profound. He predicts that Bitcoin will become the hardest form of money humanity has ever known. With increased scarcity due to permanent loss and large holders refusing to sell, owning even 0.1 BTC will be considered a fortune. The message is clear: most people underestimate how rare Bitcoin will become, and as demand rises, its purchasing power is likely to skyrocket.
Hot Take: Pricing Bitcoin in Infinite Fiat
Stack Hodler suggests that pricing Bitcoin in infinite fiat currency will eventually seem as absurd as pricing an ounce of gold in Native American shell money called Wampum. This statement highlights the belief that Bitcoin’s value will transcend traditional fiat currencies, leading to a paradigm shift in financial systems and perceptions of wealth.
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