The significance of capped-supply of Bitcoin in the modern-day inflation

[Xeltrix]

Bitcoin having a capacity of 21 million tokens is one of its greatest economic aspects. Because of its fixed supply, Bitcoin offers scarcity instead of unlimited printing of the money. In countries where there is a lot of inflation (such as Venezuela, Argentina), the population has been experiencing the difference between keeping an asset with a limited supply and publishing that of local currency.

Bitcoin even more than technology is alternative monetary philosophy.

[FortuneFollower]

Bitcoin is an alternative for everyone to pick and use to their delight.

But I didn't really get the main point of your post, because there are already lots of posts regarding the scarcity of BTC and how it enables BTC to be better than fiat in the long run.

[Charles-Tim]

Bitcoin having a capacity of 21 million tokens is one of its greatest economic aspects.

They are not tokens but coins. Bitcoin is not created on another blockchain but it has its own blockchain. Worth knowing that it is even the first ever blockchain that was created.

[Aanuoluwatofunmi]

Bitcoin having a capacity of 21 million tokens is one of its greatest economic aspects. Because of its fixed supply, Bitcoin offers scarcity instead of unlimited printing of the money. In countries where there is a lot of inflation (such as Venezuela, Argentina), the population has been experiencing the difference between keeping an asset with a limited supply and publishing that of local currency.

Bitcoin even more than technology is alternative monetary philosophy.

Having bitcoin fixed supply is part of what makes it anti inflationary, because when the maximum supply has been reached, then we end mining it and we continue to have its demands getting higher, same way it value continue to rise, this is what fiat economy does not support, because we keep printing the traditional currency and so we are fueling more the inflation in the system to keep increasing over time, while bitcoin works in the opposite way or manner.

[OgNasty]

Bitcoin having a capacity of 21 million tokens is one of its greatest economic aspects.

They are not tokens but coins. Bitcoin is not created on another blockchain but it has its own blockchain. Worth knowing that it is even the first ever blockchain that was created.

It is always nice to remind folks that there is Bitcoin and then there is everything else. Bitcoin having a limited supply makes it pretty much the only widely recognized scarce thing on the planet. If Bitcoin really is a success and maintains it’s principles, it will likely continue rising in value forever.

[franky1]

Bitcoin having a capacity of 21 million tokens is one of its greatest economic aspects.

They are not tokens but coins. Bitcoin is not created on another blockchain but it has its own blockchain. Worth knowing that it is even the first ever blockchain that was created.

correction. a coin is a physical metal circular token

bitcoin currency is not physical, not metal, nor circular
infact if you explore the blockchain you will not find a single BTC. all units of measure on the blockchain are sats

a btc(bitcoin) is a math collection of 100,000,000 sats.
again for emphasis. in the actual data of the blockchain. there are no BTC

its much like saying a bundle of banknotes, conversationally shortened to bundle.. and then classifying that a 'bundle' is then a coin

when it comes to scarcity. looking at blockchain data there will be 2099999997690000 sats bundled up to be just below 21m bitcoin conversationally

[Don Pedro Dinero]

Bitcoin having a capacity of 21 million tokens is one of its greatest economic aspects. Because of its fixed supply, Bitcoin offers scarcity instead of unlimited printing of the money. In countries where there is a lot of inflation (such as Venezuela, Argentina), the population has been experiencing the difference between keeping an asset with a limited supply and publishing that of local currency.

This has had two positive sides of the coin. Those who have held bitcoin in recent years have not only protected themselves from the devaluation of fiat, but have also benefited from the appreciation of bitcoin. So, if we look at what it cost to buy a house in bitcoins 5 years ago vs. what it costs now, we see that they have become almost 90% cheaper. And if we look further back, the difference is even more pronounced.

[The Cryptovator]

Bitcoin having a capacity of 21 million tokens is one of its greatest economic aspects. Because of its fixed supply, Bitcoin offers scarcity instead of unlimited printing of the money. In countries where there is a lot of inflation (such as Venezuela, Argentina), the population has been experiencing the difference between keeping an asset with a limited supply and publishing that of local currency.

Bitcoin even more than technology is alternative monetary philosophy.

It seems you are new to the forum; you should spend more time reading and learning from the forum rather than creating new threads. You mentioned Bitcoin as a token, which is totally wrong. Bitcoin names itself a contained coin, which means Bitcoin isn't a token at all. But yes, Bitcoin becomes more popular due to limited supply. Since it is not possible to create unlimited Bitcoin, everyone thinks to store and hold it for the future.

People aren't storing anything that is unlimited; this is the behaviour of the public. Though a country's economy depends on fiat currency, storing that fiat is just useless. Day by day fiat value reduces due to inflation. But we are witness to Bitcoin value increasing in any condition. Though sometimes it dumps for various reasons, it does recover so quickly. That's the main reason why people trust Bitcoin.

[john_egbert]

Bitcoin having a capacity of 21 million tokens is one of its greatest economic aspects. Because of its fixed supply, Bitcoin offers scarcity instead of unlimited printing of the money. In countries where there is a lot of inflation (such as Venezuela, Argentina), the population has been experiencing the difference between keeping an asset with a limited supply and publishing that of local currency.

Bitcoin even more than technology is alternative monetary philosophy.

It seems you are new to the forum; you should spend more time reading and learning from the forum rather than creating new threads. You mentioned Bitcoin as a token, which is totally wrong. Bitcoin names itself a contained coin, which means Bitcoin isn't a token at all. But yes, Bitcoin becomes more popular due to limited supply. Since it is not possible to create unlimited Bitcoin, everyone thinks to store and hold it for the future.

People aren't storing anything that is unlimited; this is the behaviour of the public. Though a country's economy depends on fiat currency, storing that fiat is just useless. Day by day fiat value reduces due to inflation. But we are witness to Bitcoin value increasing in any condition. Though sometimes it dumps for various reasons, it does recover so quickly. That's the main reason why people trust Bitcoin.

Bitcoin is still being speculated on, so it's normal that the market allows it to drop in price sharply or not so much..

As I've read it once in somewhere: we can't see green without the red.

[BitGoba]

Bitcoin having a capacity of 21 million tokens is one of its greatest economic aspects. Because of its fixed supply, Bitcoin offers scarcity instead of unlimited printing of the money. In countries where there is a lot of inflation (such as Venezuela, Argentina), the population has been experiencing the difference between keeping an asset with a limited supply and publishing that of local currency.

Bitcoin even more than technology is alternative monetary philosophy.

Bitcoin is a coin, not a token. It’s important to understand the difference between coins and tokens.A coin originated from the need for people to have a standardized and reliable means of exchanging value, storing value, and means of  measuring value. At the beginning of human civilization, people realized that bartering goods for goods was not efficient and had many drawbacks

For example,I am a hunter and I catch rabbits. Another person grows potatoes. If I want potatoes, I have to find someone who wants rabbits. But what if they don't want rabbits right now? This makes bartering difficult because both people must want what the other offers at the same time.That’s why they realized they needed something that would serve as a common medium of exchange, a store of value, and a measure of value, even if one person didn’t want what the other had at that moment.That something is called money.People tried to use all kinds of things as money. The first forms of money were things like rai stones, shells, glass beads, and whale teeth. Eventually, people realized that the best money was made of metal, like gold and silver. They started minting coins from gold and silver, which for centuries served as a reliable medium of exchange, a store of value, and a measure of value.For money to work successfully, it must have all important properties, such as durability, divisibility, scarcity, easy verification, and portability. Gold was the closest to having all these qualities, but it was not a perfect form of money. That’s why banks and fiat currencies were created, until the digital age made it possible to create a digital coin like Bitcoin, which has the perfect properties of money.

[FortuneFollower]

Bitcoin having a capacity of 21 million tokens is one of its greatest economic aspects. Because of its fixed supply, Bitcoin offers scarcity instead of unlimited printing of the money. In countries where there is a lot of inflation (such as Venezuela, Argentina), the population has been experiencing the difference between keeping an asset with a limited supply and publishing that of local currency.

This has had two positive sides of the coin. Those who have held bitcoin in recent years have not only protected themselves from the devaluation of fiat, but have also benefited from the appreciation of bitcoin. So, if we look at what it cost to buy a house in bitcoins 5 years ago vs. what it costs now, we see that they have become almost 90% cheaper. And if we look further back, the difference is even more pronounced.

That's the power of HODL

Also, as you and others said - it's a coin, not a token.

[uefbv]

Bitcoin having a capacity of 21 million tokens is one of its greatest economic aspects. Because of its fixed supply, Bitcoin offers scarcity instead of unlimited printing of the money. In countries where there is a lot of inflation (such as Venezuela, Argentina), the population has been experiencing the difference between keeping an asset with a limited supply and publishing that of local currency.

Bitcoin even more than technology is alternative monetary philosophy.

Bitcoin's supply cap makes it play the role of "digital gold" in the modern inflationary environment, but whether it can become a mainstream global currency still depends on market adoption and regulatory evolution.

[SquirrelJulietGarden]

Bitcoin having a capacity of 21 million tokens is one of its greatest economic aspects.

Token?
No, Bitcoin is Bitcoin, it's not a token.

You did not understand what is coin and what is token.
Altcoins can be coin or token, but Bitcoin is just Bitcoin, a coin.

About altcoins:
If it has its own native blockchain, it is a coin.
If it does not have its own native blockchain, but is deployed on a blockchain of another altcoin, it's a token.

Definition of tokens.

Because of its fixed supply, Bitcoin offers scarcity instead of unlimited printing of the money.

Bitcoin value is from other technical things, not only from its limited capped supply and its scarcity.

[Zlantann]

Bitcoin's supply cap makes it play the role of "digital gold" in the modern inflationary environment, but whether it can become a mainstream global currency still depends on market adoption and regulatory evolution.

Gold is not limited in supply like Bitcoin. New goldmines are been discovered and I think there are still more that will be explored in future. Gold is also centrally controlled but Bitcoin is decentralized.Bitcoin is more than digital gold. Currently Bitcoin is mainly used as an asset maybe due to volatility and stringent regulations. But as adoption grows and the price becomes more stable, Bitcoin use as a currency will increase.

[Haunebu]

BTC isn't going to magically replace FIAT due to the scarcity reason or any other reason for that matter op. All of these advantages will simply help it serve as a great alternative to FIAT currencies period.

Personally, this is all that I wanted from BTC and other popular cryptocurrencies and it's great to see those pros help them become more and more useful over time.

[karabiber]

Bitcoin can be a store of value against inflation thanks to its limited supply. There is also no centralized body controlling Bitcoin, which means that arbitrary monetary expansion is unlikely. However, Bitcoin is inherently volatile, which makes it a safe haven in the short term. This is one of the main ways in which Bitcoin differs from gold. Bitcoin is not easily spent in every country. For this reason, it is not a common means of payment. In some cases, people may prefer gold or dollars to hedge against inflation. This is because Bitcoin is still lacking in everyday use. But that doesn't change the fact that Bitcoin has a great philosophy.

[hero_the_bossman]

BTC isn't going to magically replace FIAT due to the scarcity reason or any other reason for that matter op. All of these advantages will simply help it serve as a great alternative to FIAT currencies period.

Personally, this is all that I wanted from BTC and other popular cryptocurrencies and it's great to see those pros help them become more and more useful over time.

Bitcoin is truly not a fiat killer per se, it's an alternative that gets better and better as time goes on, that would describe it better than something that would replace BTC entirely..

[348Judah]

Bitcoin's supply cap makes it play the role of "digital gold" in the modern inflationary environment, but whether it can become a mainstream global currency still depends on market adoption and regulatory evolution.

Gold is not limited in supply like Bitcoin. New goldmines are been discovered and I think there are still more that will be explored in future. Gold is also centrally controlled but Bitcoin is decentralized.Bitcoin is more than digital gold. Currently Bitcoin is mainly used as an asset maybe due to volatility and stringent regulations. But as adoption grows and the price becomes more stable, Bitcoin use as a currency will increase.

In addition, we can't compare the pace at which bitcoin adoption and increase in value is going to that of gold, aside that we already know that gold is a centralized asset while bitcoin a more decentralized one, we can't continue to go after what is being centralized and we have to undergo series of regulations before acquiring it, when we can get bitcoin not bothering ourselves, all these are part of the reasons why bitcoin now is the main gold rush people were after, because it has many benefits serving as advantages over the use of gold for an asset or investment.