“Bitcoin has an optimal monetary policy, and that policy is credibly enforced on a decentralized basis. Only 21 million bitcoin will ever exist—a fixed maximum supply that is enforced by a decentralized network-consensus mechanism, eliminating the element of trust entirely. Finite scarcity is a property no other form of money has ever or will ever achieve, and demand for #bitcoin is fundamentally driven by that scarcity.”

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Gradually, Then Suddenly