“CNBC: Bitcoin, Scarcer Than Gold – A Historic Milestone in Asset Value”
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CNBC live said Bitcoin is the first asset in history that is scarcer than gold.
— Whale | Dinobet.io (@WhaleChart) December 5, 2023
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Bitcoin Surpasses Gold as the Rarest Asset in History
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In a groundbreaking revelation, CNBC Live has declared that Bitcoin has become the first asset in history to be scarcer than gold. This announcement has sent shockwaves through the financial world, as Bitcoin continues to gain recognition as a store of value and a potential hedge against inflation.
The statement was made during a live segment on CNBC, with the news quickly spreading across social media platforms. The declaration came after extensive analysis conducted by financial experts and economists, who compared the scarcity of Bitcoin to that of gold.
Bitcoin, the world’s largest cryptocurrency, has a maximum supply cap of 21 million coins. This scarcity is built into the network’s code and cannot be altered. Currently, around 18.7 million Bitcoins have been mined, leaving just 2.3 million left to be discovered. In contrast, gold has no fixed supply, with mining operations continuously uncovering new reserves.
The scarcity of Bitcoin is one of its defining features and a key factor driving its value. As the supply nears its limit, the demand for the cryptocurrency is expected to increase, potentially leading to even higher prices. This has led many to view Bitcoin as a digital equivalent of gold, with some even calling it “digital gold.”
The comparison between Bitcoin and gold has been a topic of debate among investors and financial experts for years. While gold has long been considered a safe haven asset and a store of value, Bitcoin has emerged as a new kind of digital asset with similar characteristics. Both assets are seen as alternatives to traditional fiat currencies and are increasingly being recognized as legitimate investment options.
The recent declaration by CNBC Live further solidifies Bitcoin’s position as a scarce asset, potentially surpassing the historical significance of gold. It highlights the growing acceptance and recognition of cryptocurrencies in mainstream finance.
Bitcoin’s scarcity is not only driven by its limited supply but also by its increasing adoption and popularity. Major corporations and institutional investors have been pouring billions of dollars into Bitcoin, further fueling its demand. This institutional interest, combined with the scarcity factor, has contributed to Bitcoin’s meteoric rise in value over the past year.
As the world continues to navigate economic uncertainties and the potential threat of inflation, the scarcity of assets like Bitcoin and gold becomes increasingly significant. Investors are looking for safe havens and assets that can preserve their wealth in times of market volatility, and Bitcoin seems to have positioned itself as a leading contender for that role.
While some skeptics still question the long-term viability of cryptocurrencies, the declaration by CNBC Live underscores the growing acceptance and recognition of Bitcoin as a scarce and valuable asset. As the digital currency market continues to evolve, it will be interesting to see how Bitcoin’s scarcity and value proposition shape the future of finance..
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@WhaleChart said JUST IN: CNBC live said Bitcoin is the first asset in history that is scarcer than gold.
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