But why does this affect the price? Just as multiplying the available supply of fiat currency has dramatic knock-on effects for a countryrsquo;s economy, most notably rampant inflation, halving the supply of bitcoin is a major economic change with wide-reaching consequences. Increasing supply has the effect of making fiat money less scarce, thus reducing its valuemdash;thatrsquo;s why prices rise rapidly when inflation is high. Decreasing bitcoin supply increases scarcity, which historically has
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