Crypto News

Bitcoin as a Safe Haven Asset Cuban, who previously criticized Bitcoin for its lack of utility, has now changed his stance and sees it as a viable alternative to traditional safe haven assets like gold. He believes that as the world becomes more uncertain and volatile, people will turn to Bitcoin as a store of value and a hedge against inflation. This is evident in the recent surge in institutional investment in Bitcoin, with companies like MicroStrategy and Square adding it to their balance sheets. Limited Supply and Increasing Demand One of the main reasons for Cuban's bullish outlook on Bitcoin is its limited supply. There will only ever be 21 million Bitcoins in existence, making it a scarce asset similar to gold. As demand for Bitcoin continues to increase, its limited supply will drive up prices. This is further supported by the upcoming halving event, where the block reward for miners will be cut in half, reducing the rate at which new Bitcoins are created. Bitcoin...