Cryptocurrency Q&A
Why is there only 21 million Bitcoin?
Why is there only 21 million Bitcoin?
Rosalia
Thu Mar 28 2024
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7 answers
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I've often heard that there will only ever be 21 million Bitcoins in existence. What's the reason for this limit? Is it a technical constraint, or is it a deliberate design choice? Won't this limitation stifle the growth of Bitcoin as a currency? Won't the value of Bitcoin skyrocket as the supply dwindles? And what impact will this have on the overall cryptocurrency market? I'm really curious about these questions and would appreciate it if you could shed some light on them for me.
7 answers
henry_harrison_philosopher
Sat Mar 30 2024
The issuance of Bitcoins is capped at 21 million units.
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Claudio
Fri Mar 29 2024
By limiting the supply, Bitcoin aims to ensure scarcity and enhance its value.
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CryptoSavant
Fri Mar 29 2024
This ceiling is commonly referred to as the 'max supply'.
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Stefano
Fri Mar 29 2024
Satoshi Nakamoto, the creator of Bitcoin, implemented this limit.
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HanbokGlamourQueen
Fri Mar 29 2024
Scarcity in the financial market often drives up the value of an asset.
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