One Bitcoin developer argues that any change to Bitcoin’s fixed supply, while theoretically possible, wouldn’t be considered “Bitcoin” anymore.
Debate whether Bitcoin’s 21 million supply cap is truly fixed or not has resurfaced after BlackRock posted a three-minute Bitcoin explainer video, which added a disclaimer that there’s no guarantee it won’t be changed.
Bitcoin’s fixed supply is one of its strongest value propositions as a store of value, and uncapping its supply would, without a doubt, impact how investors view the cryptocurrency.
In the Dec. 17 video, BlackRock explained that Bitcoin has a fixed supply of 21 million, adding that the “hard-coded rule controls supply, purchasing power and helps avoid the potential misuse of printing more and more currency.”
