A new wave of controversy has emerged surrounding Bitcoin’s 21 million supply cap, triggered by a recent BlackRock video.
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While the financial giant reiterated the importance of Bitcoin’s fixed supply in maintaining its value, it also introduced a caveat—stating that there’s no certainty the cap will remain unchanged in the future.
Bitcoin’s capped supply has long been considered a critical aspect of its value proposition as a store of wealth. The idea that this limit could be altered has unsettled many in the crypto community, leading to concerns about its impact on investor confidence.
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BlackRock’s video, intended to explain Bitcoin’s fundamentals, stressed the role the cap plays in protecting against inflation and maintaining purchasing power. But the added disclaimer suggesting a possible future change has raised doubts about its permanence.
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Some critics, including figures like Joel Valenzuela of Dashpay, argue that the cap’s potential modification would be seen as an inevitable shift, signaling a departure from Bitcoin’s original design. This has prompted further debate about what constitutes “real” Bitcoin.
According to some developers, changing the supply cap would require a consensus-driven hard fork, where a majority of the network supports the change. However, even if such a fork were successful, many argue that it would result in a new version of Bitcoin, no longer adhering to Satoshi Nakamoto’s original vision.
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