Why is the BTC number limited to 21 million?

3 answers

• Mar 17, 2022 · 3 years ago
  The BTC number is limited to 21 million as a way to create scarcity and maintain its value. By having a limited supply, it prevents inflation and ensures that BTC remains a deflationary asset. This scarcity also creates a sense of exclusivity and desirability among investors and users.
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• Mar 17, 2022 · 3 years ago
  The limitation of BTC to 21 million is a deliberate design choice by its creator, Satoshi Nakamoto. It was intended to mimic the scarcity of precious metals like gold and provide a digital alternative to traditional currencies. This limited supply also adds to the long-term value proposition of BTC, as its scarcity increases over time.
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• Mar 17, 2022 · 3 years ago
  The BTC number is limited to 21 million to ensure the stability and security of the Bitcoin network. By capping the supply, it prevents excessive mining and maintains a predictable issuance rate. This helps to prevent centralization of power and ensures that the network remains decentralized and secure. BYDFi, a leading cryptocurrency exchange, supports the principles of decentralization and security in the Bitcoin network.
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