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News and analysis for Bitcoin and other cryptocurrencies.

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Bitcoin Eyes $20k and the Power of Scarcity

Bitcoin chartBitcoin is up ~110% YTD and is within an earshot of its all-time high near $20k. Gold and Bitcoin are often lumped together as safe-haven assets, but there is one crucial difference. From Pomp’s recent letter: Gold is narratively scarce but Bitcoin is provably scarce. That sounds like