How many bitcoins exist

Just as the sporting world eagerly awaits the Olympics every four years, those following cryptocurrency look forward to their own quadrennial event. As athletes train for the 2024 Games in Paris this summer, crypto traders and Bitcoin miners are preparing for what is known as the ‘Bitcoin Halving’—predicted to happen in April. How many total bitcoins are there Total of 19 mn Bitcoins mined, pushing price upward

But let’s assume the majority of bitcoin miners come to a consensus that it’s indeed in their interest to change the cap to, say, defend their revenue stream . Then, they’d have to agree on the size of the cap: do we issue five more million tokens? Ten million? Should the bitcoin supply be unlimited? How could these challenges be overcome? In countries with historically weak currencies, including several Latin American and African countries, bitcoin has become popular with populist leaders. In 2021, El Salvador made waves by becoming the first country to make bitcoin legal tender (residents can pay taxes and settle debts with it), though less than 15 percent of people had used it for that purpose in 2023, according to a poll by Central American University. 

Another factor that makes it difficult to predict where bitcoin is headed post-halving is that this time, the economic circumstances surrounding it are different. It's the first time that bitcoin has peaked before a halving, as opposed to after—last month, bitcoin rallied to an all-time high of $70,000 before dropping back down. That rally was aided by the rise of bitcoin ETFs: investment vehicles that allow mainstream institutional investors to bet on bitcoin’s price without having to actually buy bitcoin itself. Buying Bitcoin The idea for bitcoin was first proposed in a white paper published online in 2008 by a mysterious individual or group using the pseudonym Satoshi Nakamoto. To combat inflation, Nakamoto wrote into the code that the total number of bitcoins will only ever be 21 million. Currently, more than 19.6 million bitcoins have been mined.

But how can someone steal Bitcoin? Well, that happens. Someone may steal your Bitcoin, you may lose Bitcoin or it can turn unrecoverable. In all these 3 cases, you will not be able to access Bitcoin anymore. Let us see how: Millennials and Bitcoin Bitcoin was created by an unknown person or a group of people going by the pseudonym Satoshi Nakamoto. Satoshi was actively leading and developing the project for a while after Bitcoin’s launch. However, on April 26, 2011, he sent a final email to his fellow developers saying he had “moved on to other projects.” Today, more than 800 people are contributing to the development of Bitcoin, according to GitHub.