Coinbase CEO says bitcoin can't be replicated like gold: scarcity is the point
- —Armstrong: nothing can be invented to expand bitcoin's supply
- —About 20 million BTC mined, roughly 95% of the 21 million cap
- —Block reward of 3.125 BTC falls to 1.5625 BTC in 2028
- —The final bitcoin is expected to be mined around 2140
Why it matters: The scarcity argument underpins institutional demand for bitcoin as an inflation hedge, though price still depends on capital inflows rather than the supply cap alone.
Source: Blockmedia