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Coin Stories with Natalie Brunell
News Block: Bitcoin Fees Spike at Halving, BTC Now Harder Than Gold, CBO Projects $20 Trillion More Debt, IMF Says Bitcoin Used as Safe Haven Asset, Dollar Tree Increases Prices
Apr 23, 2024
11:39
Snipd AI
Bitcoin network fees spike at the halving, making BTC more scarce than gold. CBO projects $20 trillion more debt, while IMF identifies Bitcoin as a safe haven asset. Dollar Tree raises prices amidst inflation concerns.
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Quick takeaways
- Bitcoin now harder and more scarce than gold post halving, Network fees spike showcasing industry adaptability
- IMF study highlights Bitcoin's role as a safe haven asset during economic instability, serving as censorship-resistant money
Deep dives
Bitcoin's Halving and Scarce Asset Status
Bitcoin's recent halving event highlighted its predictable programmatic policy and the transition to becoming more scarce than gold. With the halving reducing the annual inflation rate to 0.8%, below gold's 1.5%, Bitcoin solidified its position as the most scarce asset globally. The halving also saw a notable spike in transaction fees, showcasing the industry's ability to adapt to revenue changes.
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