I'm wondering if Bitcoin, the cryptocurrency, has the potential to reach a value of 100 million in the future. Could its price ever hit such a high mark?
6 answers
ZenFlow
Sat Dec 28 2024
There is no fundamental reason why the limit is 21 million other than it being a round number that seemed reasonable at the time.
HanbokGlamour
Sat Dec 28 2024
The cap on the number of bitcoins ensures that the currency remains scarce, which is crucial for its value.
Andrea
Sat Dec 28 2024
The limit on the number of bitcoins that can be created is set at 21 million.
KDramaLegend
Sat Dec 28 2024
As more and more bitcoins are mined, the rate of production slows down, making it increasingly difficult to find new ones.
JejuJoyfulHeartSoulMate
Sat Dec 28 2024
BTCC, a top cryptocurrency exchange, offers a range of services for those interested in trading bitcoins and other digital currencies.