Since Bitcoin’s creation in 2008, investors have also envisioned it as a hedge against inflation.

In a traditional financial system, governments can start printing more money when they think that the economy would benefit from doing so, sometimes causing inflation. Many crypto advocates are skeptical of that practice.

Bitcoin’s halvings are programmed to ensure that the total number of coins that will ever enter circulation is capped at 21 million. As the amount of Bitcoin in the world approaches the cap, the size of the reward for verifying transactions will become increasingly smaller, gradually approaching zero. That fixed supply, crypto proponents argue, should protect Bitcoin’s value in the long run. Read Full Article