What is the maximum supply of bitcoin?

3 answers

• Brady BarefootJun 01, 2024 · a year ago
  The maximum supply of bitcoin refers to the total number of bitcoins that will ever exist. It is set at 21 million bitcoins. This limit was built into the Bitcoin protocol by its creator, Satoshi Nakamoto, to ensure scarcity and prevent inflation. As the demand for bitcoin increases and the supply becomes limited, it is expected that the value of bitcoin will rise. This limited supply is one of the factors that make bitcoin attractive to investors and contributes to its store of value characteristics.
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• Lucy Bernice MensahSep 04, 2022 · 3 years ago
  The maximum supply of bitcoin is 21 million. This means that once all 21 million bitcoins have been mined, no new bitcoins will be created. The limited supply of bitcoin is often seen as a positive aspect, as it prevents the currency from being devalued through inflation. It also adds to the scarcity and desirability of bitcoin, which can contribute to its price appreciation over time. However, it's important to note that even though the maximum supply is fixed, bitcoins can still be divided into smaller units, allowing for flexibility in transactions.
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• AlphaTech_PLCNov 12, 2023 · 2 years ago
  The maximum supply of bitcoin is 21 million. This limit was set to ensure that there is a finite amount of bitcoin in circulation, which helps maintain its value. As the demand for bitcoin continues to grow, the limited supply can contribute to its price appreciation. It's important to note that the maximum supply of bitcoin is not controlled by any central authority, such as a government or a bank. Instead, it is determined by the underlying technology and the consensus of the network participants. This decentralized nature is one of the key features that sets bitcoin apart from traditional currencies.
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