Is Bitcoinâs fixed supply a bug or its biggest feature? đ§ There will only ever be 21 million $BTC and critics love to call that a flaw. Economics professor Lawrence White argues that a fixed supply makes Bitcoin too volatile to work as everyday money. Saifedean Ammous, author of The Bitcoin Standard, just published a detailed reply, and his argument is a great crypto basics lesson đ đ„ Start with gold. Gold didnât win against other metals by accident. It won because its supply is so hard to increase: according to the World Gold Council, gold reserves grew by only about 1.7% a year over the last 25 years. Even big price jumps barely changed mining output. Ammous asks why a property that made gold great should suddenly become a weakness when Bitcoin improves on it, with predictable issuance, no industrial demand and no central issuer. So how does money grow without new coins? With a fixed supply, rising demand increases each coinâs purchasing power. The same 21M BTC can store more and more value, with no need to print anything. And the volatility? Ammous cites research from Fidelity, Charles Schwab and others showing that Bitcoinâs volatility keeps falling as the market matures. By his figures, $BTCâs 252-day realized volatility is now only 1.52x goldâs. đ Where this could go: right now, Bitcoin holds about 1% of global monetary savings. Ammous expects that share to grow, liquidity to deepen and price swings to calm down. He also argues that holding BTC to preserve purchasing power already counts as using it as money, even if few people buy coffee with it. So whatâs your take: is the 21M cap Bitcoinâs superpower, or its biggest limitation? đ #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#