At that time, Satoshi Nakamoto's original intention in creating Bitcoin was to solve the problem of the financial crisis.

In 2008, the increase in the issuance of US dollars led to the financial crisis and global inflation. Therefore, when designing Bitcoin, Satoshi Nakamoto designed it as a deflationary virtual currency. Satoshi Nakamoto stipulated that Bitcoin can be subdivided into 8 decimal places (satoshis) at the minimum. Bitcoin generates a block every 10 minutes. Each block issues 50 bitcoins. The output of each block is halved after every 210,000 blocks. And so on.

When Bitcoin reaches the 33rd halving, the reward for each block will drop below 1 satoshi and cannot be further halved, and the network will stop generating new coins. At this time, the total number of Bitcoins is 20999999.97690000, which is approximately 21 million. So the total number of Bitcoins is 21 million.

It is estimated that Bitcoin will reach a constant output of 21 million in 2140.

By then, the Bitcoin block height will be 6.93 million, which is why we say that the total amount of Bitcoin is a constant 21 million.

Although the total number of bitcoins is 21 million, the number of bitcoins currently in circulation is far less than 21 million. Some of them have not yet been mined, and some of them were mined by some early participants when bitcoin was not yet widely known and the price was not very high. The bitcoins they obtained were not properly stored, and the private keys were lost and can never be found. #加密市场反弹 #美联储宣布降息50个基点 $BTC