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Bitcoin's halving is less than a year away - how high will the price go?

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  • May 8, 2023
  • #Bitcoin
Croesus đź”´
@Croesus_BTC
(Author)
www.onceinaspecies.com
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The most exciting property of Bitcoin (from an investment perspective) is “increasing scarcity.” Bitcoin is the first (and only) asset in history that offers a reliable guarantee o... Show More

The most exciting property of Bitcoin (from an investment perspective) is “increasing scarcity.” Bitcoin is the first (and only) asset in history that offers a reliable guarantee of increasing scarcity in its supply issuance.

You’ve likely heard the old maxim that land is a good investment because “it’s the only thing they’re not making any more of.” This simple wisdom is true and surprisingly powerful – the global supply of land has “finite scarcity”.

But oddly enough, from an investment perspective, what’s even better is an asset they’re making less and less of. This is why a Michael Jordan rookie card is valuable, or a Van Gogh or a Picasso. Once upon a time, they used to make these items… and now, they don’t make any more of them. These are examples of all-or-nothing “increasing scarcity.”

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Andy Edstrom @edstromandrew · May 9, 2023
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It's a great one. Timeless.
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