Bitcoin is one of the only verifiably scarce, fixed supply assets in the world. Bitcoin’s underlying code controls how much new bitcoin is created and limits the maximum amount of bitcoin that will ever exist to 21 million. Bitcoin has a price-inelastic supply, meaning that a change in price cannot change its supply issuance. Said differently, bitcoin’s supply is transparent and unchangeable; it is strictly bound and algorithmically hard-coded. An increase in the value of bitcoin does not affect its supply, and does not affect bitcoin’s issuance schedule.