Amid a selling bout in the crypto market, a statement made by Bitcoin's creator, Satoshi Nakamoto, has resurfaced. The statement, made 15 years ago when Bitcoin was worth $0, emphasizes the concept of scarcity, which has been integral to Bitcoin's value proposition. Nakamoto's acknowledgment of the limited supply of 21 million coins distinguishes Bitcoin from traditional fiat currencies that can be endlessly printed. As Bitcoin's price faces pressure and the market experiences a sell-off, Nakamoto's statement about scarcity remains relevant and underscores the fixed supply as a key driver of Bitcoin's value. The current sell-off has prompted institutional investors to aggressively buy on exchanges like Coinbase, while smaller investors panic-sell on platforms like Binance. Nakamoto's early statements about scarcity and value hold significance during this turbulent market period.



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