There is a Limit to Bitcoin
Built into the bitcoin protocol from the beginning was a limit to the number of coins that will ever be created. The limit is 21 million. Technically, the limit is 20999999.9769, short of 21 million by 3 bitcents. Without a limit to the possible number of bitcoins, they would become like fiat money and decrease in value as more and more and more bitcoins were created. With a limit on it, bitcoin should increase in value. Bitcoin creation begins with a transaction. The transaction synchronizes with the network where it is not confirmed until it is added to a block. Any bitcoin user can initiate a transaction. There is no pattern to when or by whom transactions are broadcast to the network. Miners gather up transactions and add them to a block. A block is limited to being about 1 megabyte in size. Satoshi Nakamoto set this limit on block size in 2010. At the time, transmission speeds were lower and if the block were too big, it would slow down the syncing time and this co...