Bitcoin Supply Quiz

The supply of Bitcoin is limited to 21 million to increase the value of each individual Bitcoin, adhere to the law of supply and demand, and avoid the risk of inflation.

When all 21 million bitcoins have been mined, no more bitcoins can be created, and the supply of Bitcoin will be fixed at 21 million. The value of Bitcoin will then be determined entirely by supply and demand.

When all 21 million bitcoins have been mined, Bitcoin miners will most likely be compensated with transaction processing fees, as no new bitcoins can be created.

<p>The effect on Bitcoin miners depends on how the cryptocurrency evolves. If the Bitcoin blockchain processes many transactions, miners may still generate profits from transaction processing fees.</p> Signup and view all the answers

<p>When the supply of Bitcoin reaches 21 million, the value of Bitcoin will be determined entirely by supply and demand.</p> Signup and view all the answers