Renowned crypto enthusiast Egrag Crypto has expressed doubts about the widely accepted 21 million Bitcoin coin supply limit, stating that it is not absolute and could be altered.
Criticism of Bitcoin’s Scarcity Narrative
Egrag Crypto pointed out that many in the crypto community accept the idea of Bitcoin’s scarcity without a proper understanding of the technical aspects. He suggests that the claim of Bitcoin’s fixed supply might be misleading and needs reevaluation.
Harsh Criticism of Bitcoin
Egrag Crypto compared Bitcoin to an atomic bomb, which could cause significant damage. He believes Bitcoin carries enormous risks that are not always recognized by the broader market.
XRP as an Example of True Scarcity
In defense of his position, Egrag Crypto referred to XRP as 'The King of True Scarcity in Digital Assets', considering XRP as representing true value and scarcity in the digital economy.
Egrag Crypto’s statements challenge conventional beliefs and raise questions about which digital assets hold the greatest long-term value.
