{"id":135973,"date":"2020-12-17T23:30:00","date_gmt":"2020-12-17T20:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dont-think-bitcoins-supply-is-finite-you-probably-dont-understand-the-tech\/"},"modified":"2020-12-17T23:30:00","modified_gmt":"2020-12-17T20:30:00","slug":"dont-think-bitcoins-supply-is-finite-you-probably-dont-understand-the-tech","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dont-think-bitcoins-supply-is-finite-you-probably-dont-understand-the-tech\/","title":{"rendered":"# Don\u2019t think Bitcoin\u2019s supply is finite? You probably don\u2019t understand the tech"},"content":{"rendered":"

“# Don\u2019t think Bitcoin\u2019s supply is finite? You probably don\u2019t understand the tech <\/strong>”
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Bitcoin\u2019s (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\u2019s supply as more predictable than Bitcoin\u2019s.<\/p>\n

“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 suggest that the supply of Bitcoin can’t go up once we hit that limit,” Rosenberg said<\/a> in a Bloomberg interview on Thursday. <\/p>\n

Bitcoin\u2019s set 21 million supply serves as one of its biggest selling points as a store of value. The asset also has a consistent flow of BTC entering into circulation that continue until that supply reaches 21 million. Bitcoin\u2019s pseudonymous creator, Satoshi Nakamoto, wrote these parameters into Bitcoin\u2019s code.<\/p>\n

Gold, on the other hand, depends on a number of factors. Its ultimate supply remains fairly uncertain, especially considering technological advancements that might lead to cheaper gold mining or further discovery.<\/p>\n

\u201cThe one thing we do know about gold, is we know the supply curve of gold with certainty,\u201d Rosenberg claimed. \u201cWe don\u2019t know the future supply curve of Bitcoin,\u201d he added. \u201cPeople think they know, but they don\u2019t really know.\u201d<\/p>\n

The economist also called BTC \u201ca massive bubble,\u201d saying that folks do not understand the asset\u2019s supply or its creator. \u201cIt\u2019s the classic follow the herd, extremely crowded trade,\u201d he expressed.<\/p>\n

Meanwhile, other mainstream financial giants seem to have a better\u00a0understanding of the asset and its scarcity effect, stockpiling sums of Bitcoin as part of an institutional buying trend. <\/p>\n