What is the significance of the 21 million limit in Bitcoin?

3 answers

• Nov 24, 2021 · 3 years ago
  The 21 million limit in Bitcoin is a fundamental aspect of the cryptocurrency's design. It refers to the maximum number of Bitcoins that will ever be created. This limit ensures that Bitcoin remains a scarce and valuable asset. As more people adopt Bitcoin and the demand increases, the limited supply will drive up its price. Additionally, the 21 million limit prevents inflation and ensures that the value of Bitcoin cannot be diluted over time.
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• Nov 24, 2021 · 3 years ago
  The 21 million limit in Bitcoin is like a digital version of gold. Just like gold is limited in supply, Bitcoin has a fixed supply. This scarcity makes Bitcoin a store of value and a hedge against traditional fiat currencies. The 21 million limit also adds to the appeal of Bitcoin as an investment, as its value can potentially increase over time due to its limited supply.
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• Nov 24, 2021 · 3 years ago
  The 21 million limit in Bitcoin is a key feature that sets it apart from traditional currencies. It provides a predictable and transparent monetary policy. Unlike central banks that can print more money, Bitcoin's supply is predetermined and cannot be manipulated. This gives users confidence in the long-term stability and integrity of the cryptocurrency. At BYDFi, we believe that the 21 million limit is crucial for maintaining the trust of the Bitcoin community and ensuring its continued success.
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