Is there a limited amount of bitcoin

is there a limited amount of bitcoin

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Transactions on the Bitcoin network million bitcoins will be reached currency due to an increase government or financial institution.

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Another factor to consider is Bitcoin halving events. Currently, around 19 million bitcoins have been mined and are in circulation, leaving approximately 2 million left to be mined. Together, that adds up to about , BTC. The process of adjusting the mining difficulty is known as the difficulty adjustment algorithm DAA. The amount of time it takes a miner to mine a bitcoin will depend on how much mining power he has.