Have you ever thought that BlackRock, one of the world's largest asset management companies, would actually plant a "mine" that would cause an uproar in the entire cryptocurrency world in a short three-minute Bitcoin science video?
Imagine you are watching a video with great interest, learning about the fixed supply of 21 million Bitcoins, one of the core features of Bitcoin, as if it is engraved in its DNA. But suddenly, a line of small words at the bottom of the screen flashes by like a ghost, making your heart tighten: "There is no guarantee that the 21 million supply limit of Bitcoin will not be changed."
What? What is BlackRock doing? Is it planning something to make a big news?
“Is BlackRock going to perform a hard fork to increase the supply of Bitcoin?” a cryptocurrency industry leader asked doubtfully.
"This is too scary!" another one exclaimed in horror.
For a time, the cryptocurrency community was abuzz with speculation about the intentions behind BlackRock’s remarks. After all, BlackRock now manages $53 billion worth of Bitcoin through a Bitcoin exchange-traded fund (ETF)!
But then again, the supply limit of Bitcoin is a sacred belief in the currency circle! Just like the national credit behind traditional currencies, the fixed supply of Bitcoin is its greatest charm. It makes Bitcoin a better currency and a safe-haven asset that can resist inflation (although this promise has not yet been fully realized).
But if the fixed supply is broken, what is left of Bitcoin? All of its design cornerstones will no longer exist!
Of course, some people defended BlackRock's remarks. They said that miners need enough compensation to keep the Bitcoin network running. But the problem now is that as the rewards for new blocks continue to halve, miners' income is also declining. At that time, can transaction fees alone really keep them on the job?
"If we want miners to have sustainable income, we have to increase the upper limit of Bitcoin supply!" someone shouted.
But the opposing voices are equally loud: "Don't be silly! The future of Bitcoin cannot be determined by increasing the supply!"
In fact, this debate is like a "Schrödinger's cat" experiment in the Bitcoin world. Everyone is guessing and waiting, but no one can be sure of the truth.
But in my opinion, the best solution is to let Bitcoin continue to flourish and attract more people to use it and believe in it. Only in this way can Bitcoin truly become a global and widely accepted currency.
So, let’s not worry too much about what BlackRock’s remarks will bring. After all, the world of cryptocurrency is so wonderful and exciting! You never know what will happen in the next second!
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The above content is for information sharing only and does not constitute any investment advice!
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