BlackRock's latest video on Bitcoin's fixed supply cap has sparked widespread debate. While the asset manager recognizes Bitcoin’s hard limit of 21 million coins, it issued a disclaimer suggesting there’s “no guarantee” this cap won’t change. This stirred concerns within the crypto community, as Bitcoin’s scarcity is fundamental to its value.
Approximately 19.9 million bitcoins have been mined, leaving only roughly 1.1million coins before the cap is reached. Developers and miners would need overwhelming consensus to alter this limit, a move many believe would undermine Bitcoin’s identity. Bitcoin developer Super Testnet emphasized, “The inflation cap is definitional to Bitcoin. Eliminate that, and it’s no longer Bitcoin.”
As Bitcoin becomes increasingly scarce, its fixed supply underpins its value, likened to gold. Although technically possible, any shift in supply would erode trust and fundamentally change the cryptocurrency’s core appeal, making such a change highly unlikely. Show Less