Glassnode: Bitcoin's Inflation Rate Is Now Lower Than Gold's

Prior to the fourth halving event for Bitcoin (BTC), 900 BTC were being generated per day, leading to an inflation rate of 1.7 percent, according to a new report from Glassnode. The new figure after the halving roughly equates to 450 BTC per day and an annual inflation rate of 0.85 percent, metrics that put the network's supply issuance rate significantly lower than gold's 2.3 percent, which is usually a significant asset in comparison to Bitcoin. Additionally Bitcoin proponents argue that the digital nature of Bitcoin makes it more divisible and portable than precious metals, thus making Bitcoin a modern medium of exchange. As a result of the halving, the supply of bitcoins will be more limited than gold, meaning that in theory, over time, bitcoins will be better able to store their value rather than being defeated by inflation.