After the 2024 Bitcoin halving Bitcoin will have a lower inflation rate than gold. Could Bitcoin finally become the ‘safe-haven’ it’s always promised to be?
With only a couple of days to go until the 2024 Bitcoin halving, analysts are forecasting a significant shift in the cryptocurrency’s economic model. This shift will see Bitcoin’s inflation rate—the rate at which new bitcoins are added to circulation—decline to levels lower than those of gold, traditionally the standard-bearer for low-inflation assets.
This development prompts a closer examination of what this means for Bitcoin, for gold, and for investors considering the future landscape of digital and traditional assets.
Understanding the Halving
Bitcoin’s halving is an event hardcoded into its blockchain protocol, occurring approximately every four years. It effectively reduces the reward that miners receive for verifying transactions and adding new blocks to…
