Bitcoin’s fourth halving event may have resulted in the digital asset decisively surpassing gold in terms of issuance scarcity, according to Glassnode analysts.

"The fourth halving marks a significant milestone in the comparison of bitcoin to Gold, as for the first time in history, bitcoin’s steady-state issuance rate (0.83%) becomes lower than Gold ( around 2.3%), marking a historic handover in the title of scarcest asset," Glassnode analysts said.

Last Saturday’s halving event saw the block subsidy decline from 6.25 BTC to 3.125 BTC per block, or an issuance of about 450 bitcoin per day, the report stated.

This observation was also noted by Ark Investment Management analyst Yassine Elmandjra, who reported in this week’s Ark Disrupt newsletter that “after the halving, bitcoin’s …