Bitcoin's Fixed Supply: Why Saifedean Ammous Says It's a Feature, Not a Flaw

Wed, 14 Oct 2026 16:53:00 +0800

On Wednesday Bitcoin hovered in a narrow 83k–84k range, the kind of quiet consolidation that gives the tape-watchers little to talk about. Off the chart, a livelier contest was playing out between two economists over whether Bitcoin’s fixed supply is a bug or a feature.

The spark was economist Lawrence H. White’s 2023 book Better Money: Gold, Fiat, or Bitcoin?, one chapter of which argues that Bitcoin’s fixed supply makes it too volatile to serve as a medium of exchange. Saifedean Ammous, author of The Bitcoin Standard, recently published a point-by-point rebuttal. [1]

Sound Money on Mr.Yam

Bitcoin's Fixed Supply: Why Saifedean Ammous Says It's a Feature, Not a Flaw