Quality Money: Bitcoin to Become Scarcer than Gold Post-Halving

The Bitcoin Halving: Gold is on Borrowed Time

For the first time since its inception, Bitcoin’s annual inflation rate is poised to become less than that of gold, the quintessential store of value. At Bitcoin block height 840,000, the annual supply of Bitcoin will be cut in half, resulting in a decrease in its annual inflation rate from 1.7% to 0.85%. In comparison, the supply of gold is estimated to increase by 1-2% per year, depending on technological changes and economic conditions.

To date, Bitcoin has experienced three halving events:

November 28, 2012: Bitcoin’s…

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