What is the total number of bitcoins that will ever be in circulation?

3 answers

• Nov 28, 2021 · 3 years ago
  Sure! The total number of bitcoins that will ever be in circulation is 21 million. This is a hard cap set by the Bitcoin protocol. As of now, around 18.5 million bitcoins have already been mined, leaving approximately 2.5 million bitcoins left to be mined. The rate of new bitcoins being mined is halved approximately every four years through a process called 'halving'. This ensures that the supply of bitcoins is limited and prevents inflation. Once all 21 million bitcoins have been mined, no more new bitcoins will be created.
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• Nov 28, 2021 · 3 years ago
  Well, the total number of bitcoins that will ever be in circulation is 21 million. This is a fixed supply determined by the Bitcoin protocol. Currently, there are around 18.5 million bitcoins in circulation, and the remaining 2.5 million will be gradually mined over time. The rate of bitcoin mining is designed to decrease over time, which means it becomes harder and harder to mine new bitcoins. This scarcity is one of the reasons why bitcoin is often considered a store of value, similar to gold.
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• Nov 28, 2021 · 3 years ago
  The total number of bitcoins that will ever be in circulation is 21 million. This limit was set by the creator of Bitcoin, Satoshi Nakamoto, to ensure that there is a finite supply of bitcoins. Currently, there are around 18.5 million bitcoins in circulation, and the remaining 2.5 million will be gradually released through the mining process. It's important to note that the rate of bitcoin mining is controlled by the network and is not influenced by any specific exchange, such as BYDFi. So, regardless of the exchange you use, the total number of bitcoins that will ever be in circulation remains the same.
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