Bitcoins Limited Supply

Bitcoin’s supply is limited to 21 million BTC. This makes it the only absolutely limited asset that exists.Why it was 21 million BTC, of ​​all things, can only be speculated about. One possible explanation is the meme number 42 (from Douglas Adams’s “The Hitchhiker’s Guide to the Galaxy,” of course), whose half is 21. But it could also have been pure arbitrariness that persuaded the anonymous Bitcoin father Satoshi Nakamoto to limit his digital peer-to-peer cash system to 21 million units.Although they have led to some speculation, the motives are ultimately irrelevant. The only important thing is that there is this upper limit of 21 million BTC. Because with Bitcoin, mankind has an asset at hand for the first time, the offer of which is finite.One can say it so clearly: The invention of digital scarcity is nothing less than a millennium innovation. There are goods that are also in short supply. Naturally limited raw materials such as gold or oil are examples of this. But if you expand your perspective beyond the boundaries of planet earth, suddenly, the yellow precious metal is no longer rare. So there can only be an absolute scarcity in the digital space. But creating absolute, digital scarcity is not an easy undertaking. On the contrary.Bitcoin is only limited to 21 million coins because the network participants agree on it. The original Satoshi code provides for the limit. But the code can be changed. Therefore, in the end, it is not the code that is decisive for Bitcoin, but the social consensus on which the system is based. Because 21 million Bitcoin are ultimately just the rules of the game that Bitcoiners have agreed on. It would not be a problem to create a coin, for example through a hard fork, the supply of which…