Is there a maximum limit to the number of bitcoin units that can exist?

3 answers

• Dec 16, 2021 · 3 years ago
  Yes, there is a maximum limit to the number of bitcoin units that can exist. The total supply of bitcoins is capped at 21 million. This limit was built into the Bitcoin protocol by its creator, Satoshi Nakamoto, to ensure scarcity and prevent inflation. As of now, around 18.5 million bitcoins have been mined, and the remaining bitcoins will be gradually released through the process of mining until the cap is reached. Once the cap is reached, no new bitcoins will be created.
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• Dec 16, 2021 · 3 years ago
  Absolutely! Bitcoin has a fixed supply of 21 million units. This means that once all 21 million bitcoins have been mined, there won't be any more new bitcoins created. This scarcity is one of the factors that contribute to the value of bitcoin. As the demand for bitcoin increases, and the supply remains limited, the price of bitcoin may continue to rise. So, if you're thinking of investing in bitcoin, keep in mind that its supply is finite.
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• Dec 16, 2021 · 3 years ago
  Yes, there is a maximum limit to the number of bitcoin units that can exist, and it's set at 21 million. This limit ensures that bitcoin remains a deflationary currency, meaning that its value is likely to increase over time. As more people adopt bitcoin and the demand for it grows, the limited supply will drive up its price. This is one of the reasons why bitcoin is often seen as a store of value and a hedge against traditional fiat currencies.
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