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‘Bitcoin scarcity is dead’: Crypto executives push back on viral claim
🤖AI Summary
Crypto executives are disputing viral claims that Bitcoin's scarcity is compromised, arguing that derivatives and paper BTC products don't actually create new Bitcoin or break the 21-million supply cap. Analysts emphasize that financial derivatives are separate instruments that don't mint additional Bitcoin tokens.
Key Takeaways
- →Industry executives are pushing back against claims that Bitcoin's 21-million supply cap has been broken.
- →Derivatives and paper BTC products do not actually mint new Bitcoin according to analysts.
- →The viral claim about Bitcoin scarcity being 'dead' is being disputed by crypto professionals.
- →Financial instruments based on Bitcoin are separate from the actual Bitcoin supply mechanism.
Read Original →via CoinTelegraph
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