CryptoEmpireGuard
Mon Jul 15 2024
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6 answers
1298
Why is the total supply of bitcoin limited to 21 million?
In the realm of cryptocurrency and finance, a question often arises regarding the fundamental nature of Bitcoin - specifically, why is the total supply of Bitcoin limited to 21 million? This limitation seems to be a defining characteristic of the digital currency, but what are the reasons behind this design choice? Does it have anything to do with the scarcity principle in economics? Or is it a technical necessity due to the nature of the blockchain technology? Understanding the rationale behind this limitation is crucial for grasping the fundamental value proposition of Bitcoin and its potential impact on the future of finance.
