The recent halving event has led to a reduced issuance of approximately 450 bitcoin per day, highlighting its significant impact on Bitcoin’s supply dynamics. Yassine Elmandjra from ARK Investment Management has also emphasized the halving’s effects, pointing out that Bitcoin’s issuance rate is now lower than that of gold’s long-term supply growth.
Additionally, Glassnode analysts have concurred with Elmandjra’s assessment, further supporting observations regarding the decrease in Bitcoin’s supply growth. These assessments offer important insights into the changing relationship between Bitcoin and gold, highlighting Bitcoin’s increasing scarcity compared to the traditional precious metal.
In the current market, Bitcoin’s price has decreased by 2.5% and has fallen below $65,000.