The total supply of Bitcoin is capped at 21 million coins. Bitcoin is an ‘open source censorship-resistant, peer-to-peer immutable network’. Bitcoin is trackable digital gold. Fiat currencies are prone to inflation and debasement given a non-fixed supply. Bitcoin has a fixed maximum supply – and is thus prone neither to inflation nor to debasement.

Fiat currencies are difficult to transact across borders. Bitcoin is borderless, permitting near-instantaneous, global transfer of value. Fiat currencies are access-limited to a particular country, controlled by a central authority (the central bank). Bitcoin is borderless and open-access. Fiat currencies are open to manipulation by the issuers. Bitcoin’s decentralised nature makes it resistant to manipulation.

Bitcoin's price is influenced by a complex interplay of factors, including its supply, market demand, regulatory changes, competition from other cryptocurrencies, investor........

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