This Post-Halving Bitcoin Era Will Be Unlike Any Other

Following the recent, third halving, Bitcoin is now in its fourth block reward era.

It is more like the creation of the Bitcoin network than the two previous halving events.

The block reward halvings are reminders of Bitcoin's promise to herald a new and more responsible era of monetary policy.

While Bitcoin was conceived in the wake of the global financial crisis and the expansive rescue plans of central banks worldwide, its two halvings since have occurred in periods of relative stability.

With a $2.3T injection, the Fed's plan far exceeds the 2008 rescueThe last block mined during the third block reward era included a message reminding us of Bitcoin's potential in the financial future and the environment in which the halving occurred.

At the current rate of 6.25 BTC created every block, it would take 56 years to replace every Bitcoin in circulation.

Gold's stock-to-flow ratio is 58.3.As Bitcoin becomes twice as hard an asset as it was prior to the halving, fiat currency is loosening dramatically.

The situation mimics the conditions in which Bitcoin was created.

Of course, Bitcoin was envisaged as a peer-to-peer electronic cash system.

The sheer volume of money being printed when Bitcoin was created and again ahead of its third halving make for a compelling argument for Bitcoin as an investment grade, supply-limited asset against a backdrop of virtually endless stimulus.