What is the significance of the phrase 'everything divided by 21 million' in the world of cryptocurrencies?

3 answers

• Dec 16, 2021 · 3 years ago
  The phrase 'everything divided by 21 million' refers to the limited supply of Bitcoin, the most popular cryptocurrency. Bitcoin has a maximum supply of 21 million coins, and this scarcity is one of its key features. It ensures that Bitcoin remains a deflationary asset, as the supply cannot be increased beyond the predetermined limit. This scarcity creates a sense of value and scarcity, which has contributed to Bitcoin's price appreciation over time.
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• Dec 16, 2021 · 3 years ago
  In the world of cryptocurrencies, the phrase 'everything divided by 21 million' signifies the finite nature of Bitcoin. Unlike traditional fiat currencies that can be printed endlessly, Bitcoin has a fixed supply. This limited supply is designed to prevent inflation and maintain the value of the currency. As more people adopt Bitcoin and demand increases, the scarcity factor plays a significant role in driving up its price. It also creates a sense of urgency among investors to acquire Bitcoin before the supply runs out.
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• Dec 16, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recognizes the significance of the phrase 'everything divided by 21 million' in the world of cryptocurrencies. This concept highlights the scarcity and value proposition of Bitcoin. As the supply of Bitcoin is limited to 21 million coins, it creates a sense of scarcity and drives up demand. This limited supply also makes Bitcoin a deflationary asset, as the supply cannot be increased beyond the predetermined limit. This feature has contributed to Bitcoin's status as a store of value and a hedge against inflation.
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