Bitcoin’s fourth halving event has sparked a debate on its scarcity compared to gold, as noted by Glassnode analysts. This milestone event saw Bitcoin’s issuance rate drop below that of gold for the first time, signaling a significant shift in the narrative surrounding these assets.

The halving event reduced block subsidies, leading to a decrease in issuance from 6.25 BTC to 3.125 BTC per block. This results in approximately 450 bitcoins being issued daily, highlighting the impact of the event on Bitcoin’s supply dynamics.

Yassine Elmandjra from ARK Investment Management also pointed out that Bitcoin’s post-halving issuance rate is now lower than gold’s long-term supply growth. This analysis underscores the decrease in Bitcoin’s supply growth after the halving, reinforcing its comparison to gold. Glassnode analysts supported Elmandjra’s observations on the reduction in Bitcoin’s supply growth.

While halving events continue to impact Bitcoin’s available traded supply, their effect may diminish over cycles due to the asset’s growing size and ecosystem. These assessments offer valuable insights into the changing dynamics between Bitcoin and gold, highlighting Bitcoin’s increasing scarcity relative to the traditional precious metal.

Today, Bitcoin’s price has dropped by 2.5% and is currently below $65,000. For more insights on Bitcoin’s post-halving behavior, trends, and analysis, stay tuned for updates.

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