Bitcoin’s Supply Is More Distributed Than Critics Claim
Bitcoin is a historic opportunity for retail and individual investors to access assets and economic wealth before major financial institutions.The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.Retail Holds 14% Of SupplyOne of the most common Bitcoin fear, uncertainty and doubt (FUD) critiques is that the majority of supply is heavily concentrated in the hands of the few. Like every financial....
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The crypto economy has gained a massive amount of value during the last few days, as the aggregate market cap of all 7,500+ digital assets is a whopping $640 billion on Thursday. Meanwhile, the largest blockchain in terms of valuation, bitcoin has touched an all-time high of $23,777 rising more than 22% in 24 hours. Digital currency markets are doing extremely well this week, as a great number of coins have seen significant gains during the last three days. At $640 billion, the aggregate market cap of all the crypto assets in existence is up over 15% on Thursday. Bitcoin (BTC) recently....
A research firm’s head recently claimed Bitcoin’s capped supply could be changed. Bitcoin’s (BTC) price rise has brought all sorts of comments out of the woodwork. Although many carry a bullish tint, some folks still doubt crypto as a new store of value class. David Rosenberg, the chief economist and strategist, as well as president, of the firm Rosenberg Research & Associates, recently described gold’s supply as more predictable than Bitcoin’s."Everybody seems to believe that we're going to get to that 21 million cap on the supply constraint, but there's really nothing in the protocol to....
The quest for a workable Bitcoin scalability solution is still ongoing with developmental efforts in protocols like the Lightning Network and Statechains. As the largest cryptocurrency by market capitalization, Bitcoin’s (BTC) effectiveness as a medium of exchange is still a matter for debate. Unlike fiat money that is inherently infinite in supply and must be managed by a central bank, Bitcoin is akin to gold in that it is commodity money with a finite supply of 21 million.However, the supply cap is not the major stumbling block for BTC as a medium of exchange, but rather, the transaction....
Bitcoin critics like to claim its failure every time there is a major price drawdown, but a true representation of the network proves otherwise.
Craig Wright began the week trying to convince the world that he was Bitcoin’s creator, the pseudonymous Satoshi Nakamoto. Scrutiny of his claims and evidence duly followed before skepticism took over with programmers and members of the bitcoin core development team poking holes in the evidence produced. Generally speaking, not many were convinced – even within the space of a day. In what is certain to be a response to the skepticism by critics who have underlined that the provided evidence remains unconvincing, a spokesman for Craig Wright has reached out to the BBC. Wright’s spokesman....