Bitcoin's creation story is no longer important, focus shifts to supply scarcity and mainstream adoption

From Investing.com

December 8, 2024 3:30:19 pm:

Bitcoin’s creation story is not the main focus anymore, says expert Anthony Pompliano. The real issue is the continuous creation of traditional currencies. Bitcoin’s limited supply is contrasted with the unlimited issuance of fiat money, sparking discussions on inflation and monetary policy.

Bitcoin’s scarcity, with a limited supply of 21 million coins, sets it apart as a digital answer to gold. Its decentralized nature and deliberate creation by Satoshi Nakamoto make it immune to manipulation by central authorities. This unique feature has attracted more mainstream investors who see it as a hedge against inflation.

Bitcoin’s impressive growth this year, reaching almost $100,000 per coin, has outperformed traditional safe-haven assets like gold. With a price surge of over 136% since the beginning of the year, BTC has proven to be a valuable asset in the current economic landscape.

Read more at Investing.com: Bitcoin Origin Story? Irrelevant Now, Says Anthony Pompliano By U.Today