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Cryptocurrency News Articles
Bitcoin (BTC) Continues to Demonstrate Its Dominance
May 13, 2025 at 05:34 pm
As of May 2025, Bitcoin (BTC) continues to demonstrate its dominance in the cryptocurrency market, outpacing traditional fiat currencies
As of May 2025, Bitcoin (BTC) continues to demonstrate its dominance in the cryptocurrency market, outpacing traditional fiat currencies like the US dollar (USD) in multiple metrics.
A recent advertisement from Coinbase highlighted that, in contrast to the limit of Bitcoin supply, the Fed prints out new dollars every day. If Bitcoin is not a true store of value, then what should it be?
If Bitcoin isn't a true store of value, then what is it? 🤔
Coinbase highlights the limited supply of Bitcoin vs. the Fed printing out new dollars every day.
The post Is Bitcoin a Store of Value? Coinbase Highlights Limited BTC Supply vs. Unlimited USD Printing appeared first on TokenPost.
Discussing the narrative of Bitcoin’s scarcity in a recent interview with Blockware Solutions, Charles Eisenstein, author of "The More Beautiful Together," explored the concept of scarcity and abundance in relation to Bitcoin and the US dollar. Eisenstein argued that the scarcity of Bitcoin, with its fixed supply of 21 million coins, is a relative notion.
"The scarcity of Bitcoin is a scarcity of a shared narrative, a shared story of limitation. It's not a scarcity in any absolute sense. There's an abundance of coins that can be used to create value and build on this shared technology. But the scarcity is in the sense that we're all limited by this shared narrative of scarcity that we're inheriting from the fiat currency system."
Eisenstein further explained that the US dollar is ultimately limited by the willingness of people to cooperate and participate in maintaining the system. He noted that the dollar's value is subject to inflation and devaluation, which can be seen as a scarcity of the dollar's purchasing power over time.
"The scarcity of the dollar is a scarcity that is imposed by inflation and by the devaluation of the dollar's purchasing power. But the abundance of the dollar is in the sense that we're all cooperating to create value within this shared system. We're able to use dollars to buy goods and services, to invest in businesses, and to build our lives and careers."
Eisenstein's insights highlight the broader economic and social implications of scarcity and abundance in the context of cryptocurrency and fiat currency. As Bitcoin continues to rise in value and adoption, the narrative of scarcity plays a crucial role in driving this growth. At the same time, the US dollar faces increasing inflationary pressures, which could lead to a decrease in its scarcity relative to other assets or commodities.
This discussion underscores the ongoing debate about the future of money and the role of cryptocurrency in the evolving financial landscape. As traditional fiat currencies face challenges such as inflation and government intervention, cryptocurrencies like Bitcoin are presenting alternative paradigms for value storage, scarcity, and cooperation in the digital age.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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- The Bitcoin price and the entire crypto market have been oscillating under the pressure of tariff wars ignited by US President Donald Trump.
- May 14, 2025 at 12:05 am
- The Bitcoin price and the entire crypto market have been oscillating under the pressure of tariff wars ignited by US President Donald Trump.
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- Dell Technologies says no to Bitcoin treasury plan, with full support from the U.S. SEC.
- May 14, 2025 at 12:05 am
- A recent proposal asking the company to consider holding Bitcoin as part of its financial strategy was rejected. And now, the U.S. Securities and Exchange Commission (SEC) has supported Dell's decision. By Michael Nusbaum.
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- XRP Could Shatter Multiple Records If Its Price Doubles from Current Position
- May 13, 2025 at 11:50 pm
- XRP posted a commendable price movement on Monday, approaching $2.70 for the first time since February. When considering XRP's low of $1.60 just a month ago, reaching the $2.6549 level marks a comeback of approximately 65%.
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- BlackRock Flags Quantum Computing Risks to Its iShares Bitcoin ETF (IBIT)
- May 13, 2025 at 11:45 pm
- In its May 9 update to the registration statement for its iShares Bitcoin ETF (IBIT), BlackRock flagged concerns about quantum computing. They warned that advancements in technology could undermine the cryptographic security of Bitcoin and other digital assets.