Is bitcoin meaningless? Peter Chef says this charges star-news.press/wp

Gold Lawyer Peter Chef rejected the 21 million show of the offer as an arbitrary building, on the pretext that the scarcity of the encrypted currency is an illusion.

Bitcoin (BTC) has long suggested that changing the sect from 21 million coins to 21 billion will not affect the basic economy.

“What if Bitcoin supplies 21 B instead of 21 meters? Reorting each BTC as 100,000 satushes (and not 100 meters) keeps the Satoshi to provide the same thing. Will you still feel vibrant?” Chef Posted on X. He says, “Bitcoin supplies” are in fact meaning, “adding:” It is the important Satoshi supply. “

Imagine scarcity against realistic debate

Chef says that the scarcity of bitcoin stems from perception rather than basic restrictions. Satoshi divides 100 million Satoshi per bitcoin creates an arbitrary psychological framework that affects the investor’s behavior.

The economist has suggested that the bitcoin restoring to show a total of 21 billion units instead of 21 million would expose the artificial nature to narrate scarcity. His argument targets the sporty basis to provide the value of the Bitcoin store.

When she faced the last Bitcoin performance for gold, Chef’s comparison refused by indicating that “gold may temporarily stop.

Bitcoin has been classified as the origin of risk

The Schiff has classified Bitcoin as the origin of risk that gathered alongside technological stocks instead of working as a safe haven. He referred to NVIDIA High Hites and QQQ ETF trading near high levels as evidence of Bitcoin’s association with speculative investments.

“CNBC once again describes the last performance of Bitcoin for gold. But Bitcoin is one of the origins of risk – it has gathered with technology shares.” He said that the Gold’s Sideways shows its safe position during the risk market conditions.

The economist highlighted the Silver approach to $ 38 an ounce, as it reached the highest level since March 2012. He also pointed out that the shares of precious metal mining are still defeated because “investors are distracted by bitcoin.”