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Explained: Bitcoin's finite supply and its infinite possibilities
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cnbctv18.comBitcoin is the largest and oldest cryptocurrency in the world. With a price of $46,370.35, it is the most expensive cryptocurrency out there, and it has the biggest market cap of all cryptocurrencies.
Recently, Bitcoin hit a milestone marker with 90 percent of its finite supply already being mined and circulating in the market.Diminishing returns of Bitcoin minersWhen Bitcoin was developed in 2008, the pseudonymous developer of the world’s first cryptocurrency Satoshi Nakamoto ensured that there was a limit to the number of Bitcoins. Nakamoto ensured that only 21 million units of Bitcoin would ever exist in a move to control inflation.
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