What is the total supply of bitcoin that can be mined?

3 answers

• Gayatri l ShindeJul 02, 2024 · a year ago
  The total supply of bitcoin that can be mined is 21 million. This limit is hardcoded into the Bitcoin protocol and cannot be changed. As more bitcoins are mined, the rate of new supply decreases over time. This limited supply is one of the factors that contribute to the value and scarcity of bitcoin. With a fixed supply and increasing demand, the price of bitcoin has the potential to increase over time. This is why bitcoin is often referred to as digital gold.
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• Lodberg WolffApr 28, 2022 · 3 years ago
  The total supply of bitcoin that can be mined is 21 million. This means that once all 21 million bitcoins have been mined, no new bitcoins will be created. This limited supply is designed to create scarcity and prevent inflation. The decreasing rate of new supply also adds to the scarcity and value of bitcoin. As more people adopt bitcoin and the demand increases, the limited supply can potentially drive up the price. It's important to note that the total supply includes both mined bitcoins and those that have not yet been mined.
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• Md LokmanOct 26, 2021 · 4 years ago
  The total supply of bitcoin that can be mined is 21 million. This limit was set by Satoshi Nakamoto, the creator of bitcoin, in the original Bitcoin whitepaper. The purpose of this limit is to create scarcity and prevent the devaluation of bitcoin through inflation. The decreasing rate of new supply also adds to the scarcity and value of bitcoin. As more people adopt bitcoin and the demand increases, the limited supply can potentially drive up the price. It's worth noting that not all 21 million bitcoins have been mined yet, and the process of mining will continue until around the year 2140.
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