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Brian Kelly says that after Bitcoin Halving, there will be less Bitcoin available than Gold for the first time ever.

The increase in Bitcoin price and the decrease in production may make Bitcoin more valuable, but it also means there will be less of it available, like gold.

The boss of a digital money investment company, BKCM LLC, named Brian Kelly, says that Bitcoin will be rarer than gold after the halving. Kelly talked to CNBC’s Fast Money about an event happening in April this year and discussed how there is not enough of the asset.

Bitcoin scarcity will be comparable to gold scarcity.

In his explanation, Kelly said that in the past, Bitcoin has done well in the 12-16 months after a halving. But, he said that Bitcoin might not do the same thing again because prices are higher and production will halve. Kelly said that this is good for Bitcoin because there is not a lot of it.

“This time could be special because the price of Bitcoin is higher and we now only get 900 Bitcoin a day, which is half of what we used to get. ” There is not much Bitcoin. However, it does make Bitcoin rarer than gold. This is the first time ever that there is something rarer than gold.

Kelly is using a model called Bitcoin’s stock-to-flow ratio to explain why there is not a lot of Bitcoin available. This model was created by a popular Bitcoin analyst named PlanB. The ratio is found by dividing the amount of Bitcoin in circulation by how much is produced each year. Kelly says that Bitcoin will become more rare compared to gold because of its stock-to-flow ratio.

Bitcoin reached its highest price ever at $42,100 on Monday. Right now, the price of BTC is $43,707. It has gone up by 5% in the last 24 hours and more than 14% in the last seven days. “Surprisingly, Ether (ETH) and Solana (SOL) are both gaining in a similar way. ” ETH went up by more than 10% in a week, while SOL increased by almost 7% in one day.

Bitcoin prices may keep going up as the market waits to see if the ETF will be approved.

Bitcoin’s value might go up because the United States Securities and Exchange Commission (SEC) could agree to a spot Bitcoin ETF in January. The SEC talked to some ETF companies like Grayscale and BlackRock about their ETF applications. The Commission keeps putting off deciding whether to give approval or not, but most people think they will probably approve it. It would be good to get approval because the head of the SEC, Gary Gensler, doesn’t like cryptocurrencies and has been taking a strong stance against them. The SEC has not approved any proposals in the last ten years because they are worried about fraud and market manipulation.

Bitcoin has increased 163% in gains so far this year. The increase in the price of the biggest digital currency in the world might be making more people interested in buying gold too. People often buy gold when they are unsure about the economy or international relations. This can make the price of gold go up. On Sunday, the price of gold went up to $2,100, the highest it has ever been. Even though the price of gold is less than $2,050 now, experts think it might stay above $2,000.

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