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                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h215">Bitcoin inflation about to drop below gold's</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h343">New investors might be grabbing Bitcoin as a hedge</a></li></ul>
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    After the crude oil price crashed earlier this week, Bitcoin first retreated below $7,000 but on Thursday it <a rel="nofollow" target="_blank" href="#">surged back to $7,800</a>, showing that it had fully recovered from the March 12 collapse.
    
    Now, as new&nbsp;forecasts for major assets have started coming in, earlier expectations&nbsp;that Bitcoin's inflation will be lower than gold's after the halving&nbsp;are getting confirmed. Besides,&nbsp;data shows that after the oil price crash, investors could be rushing from traditional assets to BTC.
    
    Bitcoin&nbsp;inflation about to drop below gold's
    
    Investor and an Electric Capital co-founder Avichal Garg has shared a chart on his Twitter page which shows that as of May this year, the annual inflation rate of Bitcoin is going to be less than <a href="https://u.today/investor-raoul-pal-bullish-on-bitcoin-btc-gold-xau-and-us-dollar-usd">gold</a>’s.
    
    The Bitcoin halving, which is due in less than twenty days, is going to reduce&nbsp;BTC inflation again by cutting the newly produced supply of coins in half.
    
    <blockquote class="twitter-tweet">
    Fun fact: As of May 2020, Bitcoin's inflation rate will be lower than Gold's.
    
    Bitcoin annual inflation: 1.8%
    Gold annual inflation: ~2.5%<a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a rel="nofollow" target="_blank" href="https://t.co/kHTnjzjg0q">pic.twitter.com/kHTnjzjg0q</a>
    — Avichal Garg (Electric Capital) ⚡ (@avichal) <a rel="nofollow" target="_blank" href="https://twitter.com/avichal/status/1253470496340860928?ref_src=twsrc%5Etfw">April 23, 2020</a></blockquote>
    
    
    Recently, the creator of stock-to-flow analysis, trader <a href="https://u.today/bitcoin-btc-reaches-its-lowest-level-against-gold-xau-in-four-years-heres-what-it-means">‘Plan B’, tweeted</a> that BTC priced in gold had hit the biggest low since 2017. As per the stock-to-flow scheme, gold will go down in price soon unless BTC sees a rally after the halving on May 18, provided this model actually works.
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    New investors might be grabbing Bitcoin as a hedge
    
    Glassnode has shared a chart, which could mean that after the recent oil price crash, new investors are starting to use Bitcoin as a hedge against conventional assets.
    
    The data shows that the amount of active entities in the BTC network has surged.
    
    <blockquote class="twitter-tweet">
    As "safe haven" assets such as oil plummet in price, the number of active entities in the <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> network has spiked.
    
    Are new investors are looking to <a rel="nofollow" target="_blank" href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> as a hedge against traditional financial markets?
    
    Read more in the latest Week On–Chain ?<a rel="nofollow" target="_blank" href="https://t.co/t1jhM44F0Z">https://t.co/t1jhM44F0Z</a> <a rel="nofollow" target="_blank" href="https://t.co/gI9fWYko2R">pic.twitter.com/gI9fWYko2R</a>
    — glassnode (@glassnode) <a rel="nofollow" target="_blank" href="https://twitter.com/glassnode/status/1253402618438828032?ref_src=twsrc%5Etfw">April 23, 2020</a></blockquote>
    
    
    Data from Glassnode also shows that the active supply of Bitcoin has <a rel="nofollow" target="_blank" href="https://twitter.com/glassnodealerts/status/1253479171797516290">reached a six-month high</a>. This means that holders have become more active in&nbsp;moving their coins. The high amounts to 2,073,717.362 BTC.
    
    Also, the number of Bitcoin wallets holding more than 0.1 BTC has also increased, reaching an all-time high of 3,005,057.000.
    
    <blockquote class="twitter-tweet">
    ? <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a rel="nofollow" target="_blank" href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> Number of Addresses holding 0.1+ coins just reached an ATH of 3,005,057.000
    
    Previous ATH of 3,003,268.000 was observed on 22 April 2020
    
    View metric:<a rel="nofollow" target="_blank" href="https://t.co/hZY8dBLpzX">https://t.co/hZY8dBLpzX</a> <a rel="nofollow" target="_blank" href="https://t.co/qeJumXzbie">pic.twitter.com/qeJumXzbie</a>
    — glassnode alerts (@glassnodealerts) <a rel="nofollow" target="_blank" href="https://twitter.com/glassnodealerts/status/1253479176671240193?ref_src=twsrc%5Etfw">April 24, 2020</a></blockquote>
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                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h215">Bitcoin inflation about to drop below gold's</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h343">New investors might be grabbing Bitcoin as a hedge</a></li></ul>
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    After the crude oil price crashed earlier this week, Bitcoin first retreated below $7,000 but on Thursday it <a rel="nofollow" target="_blank" href="#">surged back to $7,800</a>, showing that it had fully recovered from the March 12 collapse.
    
    Now, as new&nbsp;forecasts for major assets have started coming in, earlier expectations&nbsp;that Bitcoin's inflation will be lower than gold's after the halving&nbsp;are getting confirmed. Besides,&nbsp;data shows that after the oil price crash, investors could be rushing from traditional assets to BTC.
    
    Bitcoin&nbsp;inflation about to drop below gold's
    
    Investor and an Electric Capital co-founder Avichal Garg has shared a chart on his Twitter page which shows that as of May this year, the annual inflation rate of Bitcoin is going to be less than <a href="https://u.today/investor-raoul-pal-bullish-on-bitcoin-btc-gold-xau-and-us-dollar-usd">gold</a>’s.
    
    The Bitcoin halving, which is due in less than twenty days, is going to reduce&nbsp;BTC inflation again by cutting the newly produced supply of coins in half.
    
    <blockquote class="twitter-tweet">
    Fun fact: As of May 2020, Bitcoin's inflation rate will be lower than Gold's.
    
    Bitcoin annual inflation: 1.8%
    Gold annual inflation: ~2.5%<a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a rel="nofollow" target="_blank" href="https://t.co/kHTnjzjg0q">pic.twitter.com/kHTnjzjg0q</a>
    — Avichal Garg (Electric Capital) ⚡ (@avichal) <a rel="nofollow" target="_blank" href="https://twitter.com/avichal/status/1253470496340860928?ref_src=twsrc%5Etfw">April 23, 2020</a></blockquote>
    
    
    Recently, the creator of stock-to-flow analysis, trader <a href="https://u.today/bitcoin-btc-reaches-its-lowest-level-against-gold-xau-in-four-years-heres-what-it-means">‘Plan B’, tweeted</a> that BTC priced in gold had hit the biggest low since 2017. As per the stock-to-flow scheme, gold will go down in price soon unless BTC sees a rally after the halving on May 18, provided this model actually works.
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    New investors might be grabbing Bitcoin as a hedge
    
    Glassnode has shared a chart, which could mean that after the recent oil price crash, new investors are starting to use Bitcoin as a hedge against conventional assets.
    
    The data shows that the amount of active entities in the BTC network has surged.
    
    <blockquote class="twitter-tweet">
    As "safe haven" assets such as oil plummet in price, the number of active entities in the <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> network has spiked.
    
    Are new investors are looking to <a rel="nofollow" target="_blank" href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> as a hedge against traditional financial markets?
    
    Read more in the latest Week On–Chain ?<a rel="nofollow" target="_blank" href="https://t.co/t1jhM44F0Z">https://t.co/t1jhM44F0Z</a> <a rel="nofollow" target="_blank" href="https://t.co/gI9fWYko2R">pic.twitter.com/gI9fWYko2R</a>
    — glassnode (@glassnode) <a rel="nofollow" target="_blank" href="https://twitter.com/glassnode/status/1253402618438828032?ref_src=twsrc%5Etfw">April 23, 2020</a></blockquote>
    
    
    Data from Glassnode also shows that the active supply of Bitcoin has <a rel="nofollow" target="_blank" href="https://twitter.com/glassnodealerts/status/1253479171797516290">reached a six-month high</a>. This means that holders have become more active in&nbsp;moving their coins. The high amounts to 2,073,717.362 BTC.
    
    Also, the number of Bitcoin wallets holding more than 0.1 BTC has also increased, reaching an all-time high of 3,005,057.000.
    
    <blockquote class="twitter-tweet">
    ? <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a rel="nofollow" target="_blank" href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> Number of Addresses holding 0.1+ coins just reached an ATH of 3,005,057.000
    
    Previous ATH of 3,003,268.000 was observed on 22 April 2020
    
    View metric:<a rel="nofollow" target="_blank" href="https://t.co/hZY8dBLpzX">https://t.co/hZY8dBLpzX</a> <a rel="nofollow" target="_blank" href="https://t.co/qeJumXzbie">pic.twitter.com/qeJumXzbie</a>
    — glassnode alerts (@glassnodealerts) <a rel="nofollow" target="_blank" href="https://twitter.com/glassnodealerts/status/1253479176671240193?ref_src=twsrc%5Etfw">April 24, 2020</a></blockquote>
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Bitcoin Inflation Rate Will Be Lower Than Gold’s After BTC Halving: Electric Capital Co-founder

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Fri, 24/04/2020 - 8:58
Bitcoin Inflation Rate Will Be Lower Than Gold’s After BTC Halving: Electric Capital Co-founder
Cover image via stock.adobe.com
Read U.TODAY on
Google News
Contents
Advertisement

After the crude oil price crashed earlier this week, Bitcoin first retreated below $7,000 but on Thursday it surged back to $7,800, showing that it had fully recovered from the March 12 collapse.

Now, as new forecasts for major assets have started coming in, earlier expectations that Bitcoin's inflation will be lower than gold's after the halving are getting confirmed. Besides, data shows that after the oil price crash, investors could be rushing from traditional assets to BTC.

Bitcoin inflation about to drop below gold's

Investor and an Electric Capital co-founder Avichal Garg has shared a chart on his Twitter page which shows that as of May this year, the annual inflation rate of Bitcoin is going to be less than gold’s.

The Bitcoin halving, which is due in less than twenty days, is going to reduce BTC inflation again by cutting the newly produced supply of coins in half.

Recently, the creator of stock-to-flow analysis, trader ‘Plan B’, tweeted that BTC priced in gold had hit the biggest low since 2017. As per the stock-to-flow scheme, gold will go down in price soon unless BTC sees a rally after the halving on May 18, provided this model actually works.

card

New investors might be grabbing Bitcoin as a hedge

Glassnode has shared a chart, which could mean that after the recent oil price crash, new investors are starting to use Bitcoin as a hedge against conventional assets.

The data shows that the amount of active entities in the BTC network has surged.

Data from Glassnode also shows that the active supply of Bitcoin has reached a six-month high. This means that holders have become more active in moving their coins. The high amounts to 2,073,717.362 BTC.

Also, the number of Bitcoin wallets holding more than 0.1 BTC has also increased, reaching an all-time high of 3,005,057.000.

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