Today, Wednesday, May 29
[Forbes: Bitcoin inflation rate after halving is 75% lower than the current US inflation rate] On May 29, the Bitcoin inflation rate after halving is now 75% lower than the current US inflation rate and 72% lower than the annual issuance of gold. After the Bitcoin halving in April, the block reward dropped from 6.25 bitcoins to 3.125 bitcoins, which had a significant impact on the issuance rate of cryptocurrencies. Each halving event reduces the supply of new bitcoins, tightens market supply, and may increase asset value over time. Currently, about 450 bitcoins are mined every day, and Bitcoin's current inflation rate is about 0.84%, while the latest inflation data in the United States in May is 3.4%. The reduction in Bitcoin's inflation rate is an important milestone because it is now even lower than the lower limit of gold's annual inflation rate, which is between 1% and 3% per year. Gold mining issuance leads to a 1% increase in supply, and recycled gold is also included in its inflation rate. The inflation rate in 2023 is 9%, resulting in a net increase of 3% in the circulating supply of gold.
