How many Bitcoins will exist in total?
It's yasmineDec 29, 2021 · 3 years ago3 answers
Can you tell me the total number of Bitcoins that will exist?
3 answers
- Dec 29, 2021 · 3 years agoSure! The total number of Bitcoins that will ever exist is 21 million. This limit was set by the creator of Bitcoin, Satoshi Nakamoto, to ensure scarcity and prevent inflation. Currently, around 18.5 million Bitcoins have been mined, and the remaining 2.5 million will be gradually released through the mining process. Once the total supply is reached, no new Bitcoins will be created.
- Dec 29, 2021 · 3 years agoThe total supply of Bitcoins is capped at 21 million. This means that once all the Bitcoins have been mined, there will be no more new Bitcoins entering circulation. This scarcity is one of the factors that contribute to the value of Bitcoin. As of now, around 18.5 million Bitcoins have been mined, leaving approximately 2.5 million yet to be mined.
- Dec 29, 2021 · 3 years agoAccording to BYDFi, a leading cryptocurrency exchange, the total supply of Bitcoins is fixed at 21 million. This predetermined limit ensures that Bitcoin remains a deflationary currency, meaning its value is expected to increase over time. As of now, around 18.5 million Bitcoins have been mined, leaving approximately 2.5 million yet to be mined. This limited supply is one of the reasons why Bitcoin is often referred to as digital gold.
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