BTC – Top Store of Value with Limited Supply
Let’s discuss Bitcoin – the world’s largest cryptocurrency by market cap. Launched in 2009, Bitcoin is both a medium of exchange and a store of value. Bitcoin is backed by immutable code, meaning its token supply cannot be modified. Bitcoin has a maximum supply of 21 million BTC.
Currently, the circulating supply is around 19.7 million BTC. Every 10 minutes, 3.125 new BTC are issued. These are sent directly to Bitcoin miners who successfully validate the corresponding block. Crucially, the new supply of Bitcoin decreases by 50% approximately every four years. The most recent Bitcoin halving occurred in April 2024.
This means that the maximum supply of Bitcoin is expected to be determined in 2140. By this stage, no more BTC dollars will be issued. Unlike other low-supply crypto projects discussed so far, Bitcoin already has a massive market cap; currently valued at over $1.2 trillion. Bitcoin is currently trading 16% below its all-time high of nearly $74,000.
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