‘Bitcoin scarcity is dead’: Crypto executives push back on viral claim

Derivatives don’t mint new Bitcoin, analysts say, pushing back on viral claims that state paper BTC has broken the 21-million cap.

Source: cointelegraph.com

Expert opinions (1)

• Anton Erpulev, CEO & Co-Founder at PowerSun Market: "Derivatives don't mint new Bitcoin" — this shouldn't need to be said, yet here we are explaining that paper claims on an asset aren't the same as creating more of the underlying asset itself. The viral panic about Bitcoin's 21 million cap being "broken" by derivatives misses something fundamental…