Tag Page BitcoinBasics

#BitcoinBasics
Diana Armstrong

Why are people obsessed with Bitcoin having only 21 million?

So you’ve probably heard this line a dozen times: “Bitcoin has a hard cap of 21 million.” But… why does that even matter? Here’s the simple version: 📦 Imagine if gold had a fixed amount and no one could ever mine more. Prices would go up over time because supply stays the same, but demand keeps growing. That’s Bitcoin. Only 21 million will ever exist. It doesn’t matter if you’re a billionaire or a broke college kid — you can’t create more. You have to earn it or buy it. This makes Bitcoin the opposite of dollars, which the government can print whenever they want. 💸 More dollars = inflation. 🟧 Fixed bitcoin = deflation over time. That’s why people say “Bitcoin is digital gold.” Because it’s scarce, verifiable, and can’t be inflated. So when people freak out about the 21 million thing? They’re not just being dramatic. They’re telling you: This is the first money in history with a guaranteed fixed supply. And that changes everything. #Finance #MakeMoney #BitcoinBasics

Why are people obsessed with Bitcoin having only 21 million?