Summary
Adam Swick, chief growth officer of Marathon Digital Holdings, believes that the value of Bitcoin could increase significantly due to the halving event that occurs every four years.
Key Points
1. The rate at which new bitcoins are produced will decrease over time, with a halving event occurring approximately every four years.
2. Adam Swick of Marathon Digital Holdings believes that the scarcity resulting from this halving process could potentially drive the value of bitcoin to millions of dollars.
3. This gradual reduction in the supply of new bitcoins is a key feature of the cryptocurrency’s monetary policy, designed to mimic the scarcity and value proposition of precious metals like gold.