Bitcoin as one of the largest cryptocurrencies in the world by market capitalization is a pioneer of the birth of new alternative coins (altcoins) that exist today.
In addition to being a pioneer, bitcoin is also the most popular cryptocurrency because of its very high price, even in November 2021, Bitcoin touched a price of almost USD 69,000 or around Rp. 991.4 million (assuming an exchange rate of Rp. 14,369).
Despite its popularity, it turns out that Bitcoin has a limited supply. So, how much supply of bitcoin in the world to date?
Based on data from Coinmarketcap, bitcoin has a maximum supply of 21 million Bitcoins. To date, there have been around 18,941,768 bitcoins that have been mined or exist in the world.
Reporting from Investopedia, bitcoin is a decentralized digital currency created in January 2009. It follows the ideas set out in Satoshi Nakamoto's white paper.
Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms, and unlike government-issued currencies, it is operated by a decentralized authority.
However, the reason for the supply of bitcoin which is only 21 million is not certain if it is not explained directly from Satoshi himself.
Even so, there's really no need to worry if you don't know it. Because, this currency can be divided up to an infinite number effectively.
That is, the exact amount is not a problem as long as you can divide it into how many parts according to the agreement with the other party, as long as the limit amount remains the same. Because as is known, there is still the smallest nominal of Bitcoin, namely Satoshi.
Investors are bracing for more bitcoin and other cryptocurrency turmoil. This is in line with concerns over the policy of the United States (US) central bank or the hawkish Federal Reserve (the Fed) extinguishing appetite throughout the market.
Volatility has occurred in a number of cryptocurrencies in recent weeks. Bitcoin, the largest cryptocurrency, is up 22 percent since January 24, 2022. It was recently trading at around USD 43,850 or around IDR 629.02 million (assuming an exchange rate of IDR 14,345 per US dollar), and is on the rise after slumping from its highs in November 2021.