What is the limited amount of Bitcoin available?

3 answers

• Collins AgofureMar 01, 2021 · 4 years ago
  Sure! The limited amount of Bitcoin available refers to the fact that there will only ever be 21 million Bitcoins in existence. This is a fundamental characteristic of Bitcoin and is achieved through the process of mining, where new Bitcoins are created and added to the circulating supply. However, the rate at which new Bitcoins are mined decreases over time, and it is estimated that the last Bitcoin will be mined around the year 2140. Once all 21 million Bitcoins have been mined, no more can be created, making it a scarce and finite asset.
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• Shamik BainNov 27, 2021 · 4 years ago
  Limited supply in Bitcoin means that there is a maximum number of Bitcoins that can ever exist. This scarcity is one of the reasons why Bitcoin is often compared to gold. Just like gold, Bitcoin's limited supply makes it valuable and resistant to inflation. As more people adopt Bitcoin and demand increases, the limited supply can potentially drive up the price. It's important to note that the limited supply of Bitcoin is a deliberate design choice and is not subject to change by any central authority.
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• Shawn TaylorSep 04, 2020 · 5 years ago
  The limited amount of Bitcoin available is a key feature that sets it apart from traditional fiat currencies. Unlike central banks that can print more money, Bitcoin has a fixed supply cap of 21 million coins. This scarcity is built into the code and ensures that Bitcoin remains a deflationary asset. As more people recognize the value and utility of Bitcoin, the limited supply can drive up its price. It's worth mentioning that other cryptocurrencies may have different supply mechanisms, so it's important to do your research before investing.
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