So, this article is saying that Bitcoin is becoming harder to get because it has been cut in half. This means there will be less and less Bitcoin available as time goes on. People are starting to move their Bitcoins into safer places so they don't lose them or spend them when the price goes up. The article also says that using Bitcoin for transactions is cheaper now, which is good news. Some people think that this change will make Bitcoin more valuable than gold in the future. Read from source...
- The headline is misleading and exaggerated. It implies that Bitcoin's demand will far outpace its supply by five times after the recent halving, which is a significant increase in demand. However, the article does not provide any evidence or data to support this claim. It also ignores other factors that may affect the demand and supply of Bitcoin, such as market volatility, competition from other cryptocurrencies, regulatory issues, etc.
- The article relies on a single source, Bitfinex analysis, which is not a credible or independent authority on Bitcoin's demand and supply dynamics. Bitfinex is a cryptocurrency exchange that has been involved in legal disputes and controversies, such as the alleged price manipulation and the hacking incident in 2016. Therefore, its analysis may be biased or influenced by its own interests and agenda.
- The article does not explain how the recent halving event affects Bitcoin's scarcity and inflationary rate. It simply states that the halving reduces the reward for mining a block, which slows down the rate of new Bitcoin creation. However, it does not mention how this affects the overall supply of Bitcoin, whether it is sufficient to meet the increasing demand, or how it compares to other factors that influence the supply and demand balance, such as the halving cycle, the hashrate, the difficulty adjustment, etc.
- The article mentions the drop in Bitcoin transaction fees following the halving, but does not analyze its implications for the network's security, scalability, and user adoption. It also contrasts this with the launch of the Runes token standard, which initially caused a surge in transaction costs. However, it does not compare or contrast these two factors in terms of their impact on Bitcoin's overall performance, competitiveness, and value proposition.
- The article cites Cathie Wood's Ark Invest, which has suggested that Bitcoin could be primed for a rally of over 3,000% over the next 12 months, as the cryptocurrency becomes less inflationary than gold following the halving. However, it does not provide any evidence or data to support this claim either. It also ignores other factors that may affect Bitcoin's price and performance, such as its correlation with traditional markets, its volatility, its adoption rate, etc.