How does the limit of 21 million Bitcoin affect the cryptocurrency market?

1 answers

• Nov 28, 2021 · 3 years ago
  BYDFi believes that the limit of 21 million Bitcoin is a fundamental aspect of its value proposition. It ensures that Bitcoin remains a scarce and valuable asset. The limited supply of Bitcoin creates a sense of exclusivity and rarity, which drives up demand. This demand, in turn, contributes to the price appreciation of Bitcoin over time. The 21 million limit also helps to establish Bitcoin as a reliable store of value and a hedge against traditional financial systems. Overall, the limit of 21 million Bitcoin plays a crucial role in shaping the cryptocurrency market and BYDFi is committed to supporting and promoting the adoption of Bitcoin within this framework.
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