Cryptocurrency Q&A
Why is bitcoin a fixed supply?
Why is bitcoin a fixed supply?
Andrea
Mon Jul 15 2024
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7 answers
2108
Could you elaborate on why Bitcoin has a fixed supply? I'm curious to understand the economic rationale behind this design choice. Is it to ensure scarcity and drive up value over time? Or is there another key reason behind Bitcoin's Immutable supply limit? Additionally, what implications does this have on the long-term sustainability and adoption of Bitcoin as a global currency? I'd appreciate a concise yet comprehensive explanation of the significance of Bitcoin's fixed supply.
7 answers
ChristopherWilson
Tue Jul 16 2024
This inflationary trend causes the gradual loss of value in currency.
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Alessandra
Tue Jul 16 2024
One significant aspect of Bitcoin is the limitation on its total supply, which stands at 21 million.
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CryptoTitan
Tue Jul 16 2024
Bitcoin's inherent property of a fixed supply renders it an anti-inflationary asset.
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CryptoEmpireGuard
Tue Jul 16 2024
Over time, Bitcoin's inflation rate has displayed a consistent downward trajectory.
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Silvia
Tue Jul 16 2024
The question arises: why is there a cap on the number of Bitcoins? And furthermore, why specifically 21 million?
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