Why Bitcoin’s Fixed Supply Schedule Is Hard to Change
bitcoin’s fixed supply is enforced by consensus rules embedded in node software. Changing it would demand near-unanimous agreement, risking chain splits and loss of network trust.
Capitalizations Index – B ∞/21M
bitcoin’s fixed supply is enforced by consensus rules embedded in node software. Changing it would demand near-unanimous agreement, risking chain splits and loss of network trust.
bitcoin’s fixed 21 million supply cap creates a structurally deflationary framework, contrasting with inflationary fiat currencies whose supply expands through central bank policy.
bitcoin’s value rests on limited supply, cryptographic security, growing network effects and practical uses-from payments to store of value. These four pillars underpin market trust and long-term utility.
bitcoin’s protocol caps supply at 21 million coins. New bitcoins are released through mining and halvings; about 19.3 million exist today, with the final units to be mined around 2140.
bitcoin is deflationary by design: supply capped at 21 million coins, halving events reduce new issuance, and diminishing inflation contrasts fiat systems with adjustable money supply.
bitcoin’s value rests on capped supply (21M), robust cryptographic security and proof-of-work, and a growing network effect-users, exchanges and infrastructure that enable liquidity and trust.