Fw:Unlike dollars, there will only ever be 21 million Bitcoin

七月 29, 2023

Unlike dollars, there will only ever be 21 million Bitcoin

"Paper money eventually returns to its intrinsic value - zero."

-Voltaire, 1694-1778

The history of fiat money (ie. money issued by government decree) shows that governments consistently increase supply far beyond demand. This invariably leads to devaluation of the currency over time, something that we experience as inflation. Looking at some examples:

The U.S. dollar has lost 96% of its value since 1913
The euro has lost 40% of its value since 1997
The pound has lost 99.602% of its value since 1751

"It's going to be very hard to unseat bitcoin as a store of value, because it's got a 14-year brand, and there's a finite supply."

Billionaire investor Stanley Druckenmiller

While fiat currencies have no upper limit to their supply, Bitcoin's supply limit is set in stone at 21 million coins, over 90% of which are already in circulation. Meanwhile, Bitcoin's value has increased dramatically over time. In fact, it has massively outperformed ever other major asset class over most time-frames:

With Bitcoin currently sitting at more than 70% off it's previous all-time-high, many investors with a long-term time horizon are now taking a close look at the marque cryptocurrency.

If you're considering buying Bitcoin or other cryptocurrencies, Bitcoin.com has you covered. Get crypto in minutes, and store it securely using the self-custodial Bitcoin.com Wallet.

Get the wallet

Buy Bitcoin

This article is for informational purposes only and should not be taken as legal or financial advice. Please consult with a qualified professional before making any financial or legal decisions.