Cryptocurrency Q&A
What is the supply cap of bitcoin?
What is the supply cap of bitcoin?
BonsaiVitality
Fri Jul 19 2024
|
6 answers
1719
In the realm of cryptocurrency and finance, a key concept surrounding Bitcoin is its supply cap. Could you elaborate on what this supply cap represents and how it affects the broader crypto landscape? Specifically, I'm interested in understanding why Bitcoin's supply is limited and what implications this has for investors, miners, and the general public. Does this cap contribute to Bitcoin's perceived value or stability? Furthermore, is there any potential for the supply cap to change in the future, and if so, what factors would influence such a decision? Thank you for your insights into this intriguing aspect of Bitcoin.
6 answers
Andrea
Sun Jul 21 2024
The Bitcoin ecosystem has evolved significantly since its inception.
Was this helpful?
313
75
OpalSolitude
Sat Jul 20 2024
BTCC, a UK-based cryptocurrency exchange, provides services that cater to the needs of Bitcoin enthusiasts.
Was this helpful?
226
61
MysticStar
Sat Jul 20 2024
One of the key factors contributing to its stability and widespread acceptance is the inherent scarcity embedded in its design.
Was this helpful?
215
20
benjamin_brown_entrepreneur
Sat Jul 20 2024
Recognizing the need for a finite supply, the anonymous creator of Bitcoin, Satoshi Nakamoto, implemented a supply cap.
Was this helpful?
339
27
Lorenzo
Sat Jul 20 2024
This cap, set at 21 million Bitcoin, ensures that there is a definitive limit to the total number of Bitcoins that can ever be created.
Was this helpful?
306
92
Load 5 more related questions
