<p>By limiting the amount of bit coin in the market one can hedge against inflation and avoid the firey demise coming to the rest of the world's fiat currencies. Though bit coin is not backed by any "hard money" it has a natural scarcity that will help keep its value consistent.</p>

CC BY-SA 3.0
2013-06-02T16:57:59.287Z
2013-06-02T16:57:59.287Z
user5393
<p>Bitcoin production will stop at <strong>21 million bitcoins</strong>. Why 21 million and why was the limit put in place?</p>

<mining-reward><reward-schedule>
Why is there going to be only 21 million bitcoins in circulation?
Aran
# Why is there going to be only 21 million bitcoins in circulation?

(Asked by: username_0 on 2013-06-02)

Bitcoin production will stop at **21 million bitcoins**. Why 21 million and why was the limit put in place?

**Tags:** mining-reward, reward-schedule


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## 1 answers

### Answer by username_1 on 2013-06-02. Score: 0 | Accepted answer

By limiting the amount of bit coin in the market one can hedge against inflation and avoid the firey demise coming to the rest of the world's fiat currencies. Though bit coin is not backed by any "hard money" it has a natural scarcity that will help keep its value consistent.


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