The fourth Bitcoin halving, which occurred on April 19, 2024, has significantly impacted the cryptocurrency's issuance and scarcity. This event, marking Bitcoin's entry into its fifth epoch, has resulted in a 50% reduction in supply inflation, reducing the inflation rate from 1.7% to 0.85%. This change brings an inherent increase in issuance scarcity, making Bitcoin's steady-state issuance rate now lower than that of gold, which stands at approximately 2.3%. Analysts from Glassnode have highlighted that Bitcoin's issuance rate is now below that of gold, leading to its new status as the world's 'scarcest asset.' This comparison has sparked discussions within the financial community, as the implications for Bitcoin's future price and network security are considered.
Bitcoin's fourth halving event has drawn significant attention to its comparison with gold regarding scarcity, as highlighted by Glassnode analysts https://t.co/F0kZrWIzEn
#Bitcoin's inflation rate is now 0.85%, down from 1.7%, following the fourth halving event. This milestone makes $BTC's steady-state issuance rate (0.83%) lower than Gold's (~2.3%), positioning Bitcoin as the scarcer asset. https://t.co/hTNtGeNH6b
After halving, BTC issuance rate falls below gold mining rate - Glassnode https://t.co/HPKoWFpqkx
BITCOIN FLIPS GOLD TO BECOME THE WORLD’S “SCARCEST ASSET” FOLLOWING 2024 HALVING - The quadrennial #Bitcoin halving event, which took place less than a week ago, means that new $BTC is being issued at a significantly slower rate than Gold, the world’s largest asset. - According… https://t.co/OO3GpSqxrE https://t.co/CRbMLDAhQo
Bitcoin's issuance rate drops below gold's after recent halving: Glassnode https://t.co/nt2Wyf1T87
"What is a driving factor of prices? Perhaps Bitcoin halving," writes @jdorman81. 💡 For context, we have only had 4 Bitcoin halvings to date—this one is unique. Learn more. ➡️ https://t.co/510Kgh9rdu https://t.co/FbBi7o66BX
⚡️#BitcoinHalving is here! Will it threaten #security or fuel the future? 🚀 Explore how this shift affects miners and the entire #Bitcoin network in our latest blog👇 https://t.co/QHJbJJcpzm
The fourth #Bitcoin Halving has occurred, leading to a 50% reduction in supply inflation and an inherent increase in issuance scarcity. In this edition, we explore the evolution of the Bitcoin network across Epochs with respect to price performance, and fundamental network… https://t.co/3W0SbWw21f
JUST IN ‼️ - With the 4th Halving complete, Bitcoiners look to the future and discuss the next four years. Swan's Cory Klippsten told Forbes: "For me the halving is about marking the entrance of Bitcoin into its fifth epoch." Read more: https://t.co/VVXv9qTPFC https://t.co/vvqcOh00Yz
#Bitcoin just had its fourth halving last April 19 and entered in a new mining epoch What does it mean? Could it drive to a supply shock as @JAN3com’s @Excellion think? My latest at @Forbes featuring @SwanBitcoin’s @coryklippsten https://t.co/RPp0HQBcT2