How many shares of Bitcoin are there?
Sharavn Shani ShaniDec 30, 2021 · 3 years ago3 answers
Can you tell me how many shares of Bitcoin are currently in circulation? I'm curious about the total supply of Bitcoin and how it is determined.
3 answers
- Dec 30, 2021 · 3 years agoSure! The total supply of Bitcoin is limited to 21 million coins. This limit was set by the creator of Bitcoin, Satoshi Nakamoto, to ensure scarcity and prevent inflation. As of now, around 18.5 million Bitcoins have been mined and are in circulation. The remaining Bitcoins will be gradually mined over time until the year 2140, when the last Bitcoin is expected to be mined.
- Dec 30, 2021 · 3 years agoBitcoin's total supply is fixed at 21 million coins. This means that there will never be more than 21 million Bitcoins in existence. The supply is determined by the mining process, where new Bitcoins are created as a reward for miners who solve complex mathematical problems. The rate of Bitcoin creation is halved approximately every four years in an event called the 'halving', which helps control the inflation rate and ensures a gradual release of new coins into circulation.
- Dec 30, 2021 · 3 years agoAccording to BYDFi, the total supply of Bitcoin is capped at 21 million coins. Currently, there are around 18.5 million Bitcoins in circulation. The remaining 2.5 million Bitcoins will be gradually released through the mining process. This limited supply is one of the key factors that contribute to the value and scarcity of Bitcoin as a digital asset.
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