The fact that an ounce of gold can be divided into grams does not make it any less scarce. That’s because its the weight of gold that’s scarce relative to the demand to use it as a metal. Bitcoin weighs nothing and is used for nothing. So, dividing Bitcoin reduces its scarcity.

by Peter Schiff
The fact that an ounce of #gold can be divided into grams does not make it any less scarce. That’s because its the weight of gold that’s scarce relative to the demand to use it as a metal. Bitcoin weighs nothing and is used for nothing. So, dividing #Bitcoin reduces its scarcity.

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Bitcoin (BTC) $ 26,851.19 0.85%
Ethereum (ETH) $ 1,666.37 0.50%
Litecoin (LTC) $ 65.94 1.45%
Bitcoin Cash (BCH) $ 231.73 3.79%