Part 4/15:
Bitcoin’s scarcity is formalized through its halving cycle, which reduces new issuance by 50% approximately every four years. At present, the annual inflation rate of Bitcoin hovers at around 1.8%, but in six months, this will drop to 0.9%, surpassing gold’s inflation rate of roughly 1-2%. As a result, Bitcoin could become as effective a store of value as gold—currently valued around $12 trillion—shrinking the valuation gap if adoption continues.