RATE Group | Crypto Savant: Bitcoin (BTC) Is The “Medicine You Need”
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Crypto Savant: Bitcoin (BTC) Is The “Medicine You Need”

15 Nov Crypto Savant: Bitcoin (BTC) Is The “Medicine You Need”

Posted at 10:35h in Bitcoin News by

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Saifedean Ammous: Bitcoin Is “The Hardest Money Ever Created”

Although the crypto market has recently undergone a downturn, with the aggregate value of all digital assets falling by upwards of 12% and XRP temporarily ousting Ether, analysts have maintained their long-term belief in the Bitcoin Network.

Image Courtesy of CMC

Speaking with The Express U.K., Saifedean Ammous, a long-time crypto believer and economics professor, explained that BTC is the “hardest money ever created.” likely touching on the decentralized nature and the fixed/predictable issuance system that the world’s first blockchain enlists.

Ammous, who authored the now-world-renowned The Bitcoin Standard: The Decentralised Alternative to Central Banking, explained that Bitcoin’s scarcity and fixed issuance schedule has allowed it to “appreciate by about 700 million percent,” from a near-worthless line of data to an asset that goes for upwards of $5,000 a pop.

He also explained that Bitcoin’s…

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