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As Halving Approaches, Bitcoin's Scarcity is Questioned
Summary: With the halving soon approaching, there is much to consider on whether the coin is priced in or not, according to ambcrypto. Those arguing with the Efficient Markets Hypothesis believe the halving is price in base. The Stock-to-Flow model calls to question the scarcity of Bitcoin, the Stock-to-Flow model has been accurate due to demand ...
With the halving soon approaching, there is much to consider on whether the coin is priced in or not, according to ambcrypto. Those arguing with the Efficient Markets Hypothesis believe the halving is price in base.
The Stock-to-Flow model calls to question the scarcity of Bitcoin, the Stock-to-Flow model has been accurate due to demand for Bitcoin. According to Josh Rager, Co-founder of Blackroots, Bitcoin is not really scarce because 330k would be issued out a year after the halving. Twitter users pointed out that Bitcoin Futures nullifies the argument for scarcity, while others claim when Bitcoin is used as a currency for transactional use, the argument falls flat.
By Claudia Rivera
Tags: Bitcoin,BLACKROOTS,BTC,Halving,JOSH RAGER
Link: As Halving Approaches, Bitcoin's Scarcity is Questioned [Copy]
