Not All Cryptos Are Scarce Like Bitcoin

Not All Cryptos Are Scarce Like Bitcoin
Of the ever-growing reasons why bitcoin keeps making national news, its scarcity is one of the most notable.Touted as an inflation hedge by top advisories such as JPMorgan, bitcoin is earning a renewed reputation as “digital gold” while the U.S. Treasury prints more fiat currency.This article originally appeared in Crypto for Advisors, CoinDesk’s weekly newsletter defining crypto, digital assets and the future of finance. Sign up here to receive it every Thursday.“Most, but not all, cryptocurrencies and all NFTs [non-fungible tokens] have scarcity as a key component of their value proposition,” said Michael Terpin, founder and CEO of the blockchain…