Cryptocurrency Q&A
Why is 2140 the end of bitcoin inflation?
Why is 2140 the end of bitcoin inflation?
Caterina
Sun Sep 08 2024
|
6
answers
1302
Excuse me, could you explain why 2140 is considered the end of Bitcoin inflation? I understand that the total supply of Bitcoin is capped at 21 million, but I'm curious about the significance of the year 2140. Is it the year when all 21 million Bitcoins will be mined, and after that, there will be no more inflation? Or is there something else I'm missing? I'd appreciate your clarification on this matter.
Previous
How do I withdraw Usdt from AscendEX?
Next
How many Caldwell series 2 100 BTC coins have been minted?
6 answers
Leonardo
Tue Sep 10 2024
While the initial excitement surrounding Bitcoin's creation and early adoption may have overshadowed this aspect, the significance of the halving events is becoming increasingly recognized.
Was this helpful?
172
86
alexander_clark_designer
Tue Sep 10 2024
The Bitcoin network is renowned for its unique supply mechanism, which undergoes a significant reduction approximately every four years. This phenomenon, known as halving, is a fundamental aspect of the cryptocurrency's economic model.
Was this helpful?
317
38
Sara
Tue Sep 10 2024
The halving process is designed to gradually decrease the rate of new Bitcoin generation, ensuring scarcity and potentially driving up its value over time.
Was this helpful?
213
90
Valentina
Mon Sep 09 2024
The halving schedule is predetermined and set to continue for over a century into the future, ensuring a predictable and gradual decrease in the supply of new Bitcoins.
Was this helpful?
170
65
Lorenzo
Mon Sep 09 2024
This long-term outlook underscores the stability and sustainability of the Bitcoin network, making it an attractive investment option for those seeking a hedge against inflation or a store of value.
Was this helpful?
224
33
Load 5 more related questions
