Bitcoin supply may not be fixed at 21M, says Blackrock
One of the world’s largest asset managers momentarily delighted Bitcoiners today when it released a three-minute advertisement for bitcoin (BTC). Just 90 seconds into the video, however, delight turned to dismay when viewers spotted Blackrock’s finely printed supply disclaimer overlaid atop an otherwise glowing overview of the currency’s monetary credentials. In the video, which was amplified by MicroStrategy Chairman Michael Saylor, Blackrock disclaimed, “There is no guarantee that bitcoin’s 21 million supply cap will not be changed.” BlackRock explains #Bitcoinpic.twitter.com/X2fPl8tL2s — Michael Saylor️ (@saylor) December 17, 2024 The disappointment at the sighting was palpable. Bitcoiners labeled it “misinformation,” “FUD,” “underhanded,” “laughable,” and a homophonic euphemism for retarded. The topic immediately trended on X. Unbeknownst to most Bitcoiners, that disclaimer is also present in Bl...