Bitcoin: The World's Most Deflationary Asset
Date: 2024-04-26 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
After the latest halving on the Bitcoin network, Glassnode experts shared a report in which they noted a decrease in the supply inflation of this asset to 0.8%. This is significantly lower than gold, making Bitcoin the most deflationary asset.
Inflation changes after halvings
Analysis of the charts shows a sharp reduction in inflation after each halving. It currently stands at 0.97%, having reached its low of 0.76% on April 20, 2024. While for gold this figure is higher and amounts to 2.3%.
Glassnode notes that 93.75% of the total Bitcoin supply has already been mined, amounting to 19,687,500 BTC. However, only another 3.125% of this amount will be produced in the next four years. This means that Bitcoin inflation will continue to decline.
Experts also note that the impact of subsequent halvings is decreasing, which is due to the growth of the cryptocurrency ecosystem and market.
