I am wondering why there are exactly 21 million Bitcoins. What is the reason behind this specific number? I would like to understand the rationale for setting the total supply of Bitcoins at 21 million.
7 answers
Caterina
Mon Dec 23 2024
One popular theory suggests that the number 21 million was chosen by Nakamoto for a specific reason.
Thunderbolt
Mon Dec 23 2024
It is believed that Nakamoto intended to mirror the M1 money supply, which was approximately 21 trillion at the time Bitcoin's foundations were being laid.
AmyDavis
Mon Dec 23 2024
By setting the total number of Bitcoins to 21 million, Nakamoto may have been aiming to create a digital currency with a finite supply that could potentially rival the existing monetary system.
Sofia
Sun Dec 22 2024
This finite supply is a key aspect of Bitcoin's design, as it is intended to create a scarce asset that maintains its value over time.
CryptoMystic
Sun Dec 22 2024
BTCC is a leading
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