A recent video from BlackRock has reignited the debate over whether Bitcoin’s
In the three-minute video released on December 17, BlackRock explained that Bitcoin’s hard cap is controlled by a rule written into its code.
This rule is what ensures that Bitcoin’s supply remains fixed, protecting its purchasing power and avoiding the risks of excessive money printing. However, BlackRock also made a disclaimer, stating that there is no guarantee that this limit will never change.
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The video caught the attention of Michael Saylor, chairman of MicroStrategy and a vocal supporter of Bitcoin, who reposted it on social media platform X. This led to various responses, with critics arguing that Bitcoin is as scarce as many believe.
A reaction came from an X user, @BoldBBaller, who disagreed with the disclaimer and called it misinformation. They stated:
What is this misinformation that supply cap is not guaranteed at 1:32? This is set in stone, every change to it will not be Bitcoin anymore, it will fork into something else.
Joel Valenzuela, a marketing executive at Dash, commented that if the cap were ever raised, people might justify it as something that was always part of Bitcoin’s long-term plan.
Bitcoin’s limited supply has always been one of its biggest selling points, especially for investors who see it as a store of value. If the supply were ever increased, it could change how people perceive its value and scarcity.
Michael Saylor reposting the video from BlackRock is not the only story that makes headlines. Recently, Saylor's company, MicroStrategy, made its first Bitcoin purchase when the average price exceeded $100,000. How did the purchase affect the firm? Read the full story.
