Why Are There Only 21 Million Bitcoin? | THEORIES Explained

Did you know that there can only ever be 21 million bitcoins worldwide? It is impossible to even exceed that number by 1 unit. Just like any other digital asset, Bitcoin has a finite supply, but does it really need to be exactly 21 million Bitcoins?

According to an email supposedly shared between Satoshi and Bitcoin Core contributor Mike Hearn, Satoshi says, "I wanted to pick something that would make prices similar to existing currencies." Would that be the reason behind limiting Bitcoin's supply to match the total global money supply?

In this video, let's discover some interesting theories that prove the reason behind the limit of 21 million Bitcoins.

Links:

Timestamps:
00:00 Intro
00:27 Theory 1: Money Supply Replacement Theory
02:08 Theory 2: Mathematics behind 21 million
02:27 Rule 1: The 10-minutes block time
03:05 Rule 2: Halving Sequence
03:46 Outro

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#bitcoin #satoshi #blockchain #cryptocurrency #21million #bitcoinhalving #halving #moneysupply #bitcoinpricepredictiontoday #bitcoinprice #crypto #marketcap #finance

[CoinGecko]

What would happen when all 21 million Bitcoins are mined? Would that lead to an extreme surge in value or a total collapse of Bitcoin's empire? Let's hear your thoughts below 🙌

[mudewitz]

Silly #Bitcoin, the value depends on the price per #Satoshi or "SAT" and there are 100, 000, 000 or 100 million of them per Bitcoin. So there are many sats, exactly 21 million x 100 million or 2.1 x 10^15 satoshis. That is a big number. At $60, 000 per Bitcoin each satoshi is worth $0.0006. When each satoshi is worth $0.01 or 1 cent then there would have been 16X growth or sixteen times growth from the $60, 000 value today. So that would put a $960, 000 or close to $1 million value of 1 Bitcoin. Then they will wait for the $1.00 satoshi value or $100, 000, 000 Bitcoin.

[kryptoblogger]

Would be actually nice to answer the question from the video title

[dennisdohsuyeon]

Maybe satoshi is 21 years old when he create bitcoin hahaha i think so

[nigellangsford]

The 21 million was to represent 21 million Australians on the creation of btc mid 2007-2008. Fact

[ShaneBoy]

Its insane that he realy emailed Mike O'hearn

[JabberwockyJabs]

I like the part where you told us what would happen when all 21m were bought….

[jmixOff]

What if coingecko launched their own crypto? Would you buy it?

[TheTechCguy]

If I only had a job and knew about BTC, back when it released or in the early 2010s.💯💯

[Jodyrides]

how did the number of bitcoins get up to 21 million? When they first started becoming popular worldwide, I remember hearing a number much much below that, millions below that. They stated that that was all there were ever going to be, And that is the reason value went up

[Amir-xqmx]

Its all to do with Tesla’s vortex math of 3, 6, 9 that ive been trying to understand but all evidence is directly related to it

[msmqxpe]

This could make the price of btc unstable

[amemane]

Mfs told everything but the title of video smh 🙄

[jzpqbpg]

I think satoshi is 21 year old that's why 21 million BTC 😅🤣

[tinasheo]

It's because he likes black jack too much lol

[seane.coutinho]

I have a question…what if the whole globe lost power for some weeks…will it affect bitcoin in anyway?

[templar]

the problem of dogecoin and SLP is that the circulating supply has reached the total supply and the price is not going up anymore.. so this will happen to bitcoin

[chetanarora]

Bitcoin supply will goes to zero as a result Bitcoin supply goes to 21 billions Bitcoin ipo issues to 1 dollar altcoins ipo issues to 10 dollars. Bitcoin cryptocurrency profit stocks declares iosco sebi sec sesc wins

[KyaraPinheiro]

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