MysticInfinity
Sat Jul 13 2024
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6 answers
1118
Does bitcoin have a limited supply cap?
In the realm of cryptocurrency and finance, the question often arises regarding the fundamental economics of various digital currencies. One such inquiry that frequently surfaces is: "Does Bitcoin have a limited supply cap?" This inquiry delves into the core principles of Bitcoin's monetary policy, which aims to emulate that of a scarce commodity. The answer, in essence, is yes. Bitcoin's supply is indeed capped at a predetermined limit of 21 million coins. This limitation is hardcoded into the protocol's underlying code, known as the blockchain, and serves as a safeguard against inflation and ensures scarcity, a crucial factor in maintaining the value of the cryptocurrency.
