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Coin Edition 2024-12-20 12:30:00

Bitcoin 21M Supply Cap Under Scrutiny After BlackRock ETF Explainer

Bitcoin 21M Supply Cap Under Scrutiny After BlackRock ETF Explainer

BlackRock’s Bitcoin explainer video includes a disclaimer about the potential for changing Bitcoin’s 21 million supply cap. Sebastian Perez criticizes the disclaimer for undermining Bitcoin’s core principles. Bitcoin developers Adam Back and Peter Todd clarify that altering the supply cap is highly unlikely and would require community consensus. BlackRock released an explainer video about Bitcoin for its iShares BITI ETF offering, discussing why BTC matters, its evolution, limited supply, and global appeal. However, in the section addressing Bitcoin’s fixed supply, the video included a disclaimer stating that there is no guarantee Bitcoin’s 21 million supply cap will not be changed. This disclaimer has raised eyebrows in the crypto community, with several members concerned that the message could undermine Bitcoin’s fundamental principles. Sebastian Perez, CEO of Quiverflow Inc., criticized the disclaimer and pointed out the perceived silence from prominent Bitcoin developers like Adam Back and Peter Todd. Perez said Bitcoin’s decentralization and core principles need stronger defense, especially against corporate interests. Adam Back Provides Clar… The post Bitcoin 21M Supply Cap Under Scrutiny After BlackRock ETF Explainer appeared first on Coin Edition .

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