Forbes: The inflation rate of Bitcoin after the halving is 75% lower than the current inflation rate in the United States

2024-05-29 19:23:37
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ChainCatcher news, according to Forbes, the post-halving Bitcoin inflation rate is now 75% lower than the current U.S. inflation rate and 72% lower than the annual issuance of gold.

After the Bitcoin halving in April, the block reward decreased from 6.25 Bitcoins to 3.125 Bitcoins, significantly impacting the issuance rate of the cryptocurrency. Each halving event reduces the supply of new Bitcoins, tightening market supply and potentially increasing asset value over time.

Currently, about 450 Bitcoins are mined daily, with the current Bitcoin inflation rate at approximately 0.84%, while the latest U.S. inflation data for May is 3.4%. The reduction in Bitcoin's inflation rate is a significant milestone, as it is now even below the lower limit of gold's annual inflation rate, which ranges from 1% to 3%. The issuance from gold mining leads to a 1% increase in supply, and recycled gold is also included in its inflation rate, with an inflation rate of 9% in 2023, resulting in a net increase of 3% in the circulating supply of gold.

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