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Title: Bitcoin’s 21 Million Cap Safe? Adam Back Explains
As the cryptocurrency market continues to experience significant fluctuations in price, traders have been left wondering whether the current correction is a temporary dip or an indication of deeper troubles ahead. In this article, we’ll delve into Dogecoin (DOGE) and explore what lies ahead for the crypto asset.
Adam Back, a renowned cryptographer and developer who co-created the Hashcash proof-of-work system used in Bitcoin, recently shared his insights on the 21 million cap safety of Bitcoin. While DOGE has no fixed supply like Bitcoin does, I will attempt to summarize his statements in the context of Dogecoin’s recent performance.
Dogecoin (DOGE) Loses 40% From Top: What’s Next?
In a recent interview, Adam Back discussed the idea that Bitcoin’s 21 million cap provides safety and stability for the asset. He argued that this fixed supply helps prevent inflation and ensures a more reliable store of value.
As we analyze the market situation with Dogecoin (DOGE), I will attempt to apply these concepts to our own crypto asset.
Source: u.today
