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 <p>Discussing its positive performance in recent days, CNBC has stated that Bitcoin (BTC) is set to become the first asset in history that is “more scarce than gold.” Indeed, the Fast Money program discussed the upcoming halving and the rarified position of the world’s most prominent digital asset.</p>
 <p>Bitcoin has exceeded $42,000 for the first time in over a year, with many speculating that the price is bound to continue surging. Specifically, CNBC noted that the anticipated halving event will affect the “stock to flow ratio,” which will mean less Bitcoin than gold is mined on a relative basis.</p>
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    <p lang="en" dir="ltr">JUST IN: CNBC says #Bitcoin is the first asset in history "that is more scarce than gold." pic.twitter.com/NILjoeYzzQ</p>
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 <p><strong>Also Read: Bitcoin: BlackRock Received $100K As Spot BTC ETF Seed Fund</strong></p>
 <h2 class="wp-block-heading" id="h-bitcoin-halving-will-make-it-first-aset-in-history-to-be-more-scarce-than-gold">Bitcoin Halving Will Make it First Aset in History to be “More Scarce Than Gold”</h2>
 <p>For much of this year, Bitcoin has seen a massive resurgence. Indeed, speculation regarding the potential approval of a Spot Bitcoin ETF has impacted its price. Additionally, the expectation of the asset-halving event is poised to push it even further. Moreover, it is also set to make it one of the scarcest assets on the market.&nbsp;</p>
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 <p>Recently, discussing the upcoming halving event, CNBC said Bitcoin is poised to be the first asset in history that is “more scarce than gold.” Specifically, they note that the event will mean less Bitcoin is mined than gold on a relative basis. Therefore, pushing the asset into even more value.&nbsp;</p>
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 <p><strong>Also Read: Tether’s Bitcoin Holdings Reach a Profit of $1,100,000,000</strong></p>
 <p>The Bitcoin halving event is when the mining rewards for the asset are cut in half. As you can expect, such a development massively impacts the overarching price of the digital currency. The event will place Bitcoin’s rarity even higher than gold, whose scarcity has come to help define its worth.</p>
 <p>Additionally, the halving is typically followed by the asset’s best price performance. Subsequently, with potential Spot Bitcoin ETF approval on the horizon, a perfect storm could be brewing for the cryptocurrency. Ultimately, these realities led Standard Chartered to predict a $100,000 price for the asset by 2024’s end.&nbsp;</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/cnbc-bitcoin-btc-is-the-first-asset-more-scarce-than-gold-tbt72687.html">https://thebittimes.com/cnbc-bitcoin-btc-is-the-first-asset-more-scarce-than-gold-tbt72687.html</a></p>

CNBC: Bitcoin (BTC) is the First Asset 'More Scarce Than Gold'

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