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ECONOMIST QUESTIONS BITCOIN’S SCARCITY MODEL – SUPPLY JUST A NUMBERS GAME?
Peter Schiff is stirring debate again—this time questioning Bitcoin’s scarcity by challenging its unit structure. He proposed a scenario where Bitcoin’s total supply is redefined from 21 million BTC to 21 billion, by adjusting each Bitcoin to represent 100,000 satoshis instead of 100 million—without changing the total satoshi count.
His argument? Scarcity is based on satoshis, not arbitrary Bitcoin units. Schiff asks: Would this shift impact how we perceive Bitcoin’s limited supply?
The comment reopens the debate on whether Bitcoin’s value is driven by math, psychology, or both.
#Bitcoin #PeterSchiff #carcity #CryptoDebate #USCryptoWeek
Peter Schiff is stirring debate again—this time questioning Bitcoin’s scarcity by challenging its unit structure. He proposed a scenario where Bitcoin’s total supply is redefined from 21 million BTC to 21 billion, by adjusting each Bitcoin to represent 100,000 satoshis instead of 100 million—without changing the total satoshi count.
His argument? Scarcity is based on satoshis, not arbitrary Bitcoin units. Schiff asks: Would this shift impact how we perceive Bitcoin’s limited supply?
The comment reopens the debate on whether Bitcoin’s value is driven by math, psychology, or both.
#Bitcoin #PeterSchiff #carcity #CryptoDebate #USCryptoWeek
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