Summary
Bitcoin is a non-inflationary digital currency with a maximum supply of 21 million BTC. Its issuance rate decreases every four years until the last bitcoin is mined in 2140.
Key Points
1. Bitcoin has a maximum total supply of 21 million BTC, making it non-inflationary unlike traditional fiat currencies.
2. The issuance of new bitcoins reduces over time with halvings every four years, leading to a slower pace of supply until the last bitcoin is mined around 2140.
3. The design of bitcoin ensures scarcity and a predictable supply, which can potentially protect against inflation and government manipulation of currency value.