It is all in the code – A set schedule – Capped Volume.
There will only ever be 21 million Bitcoin created and by January 2018, 80% of Bitcoin will already be mined and in circulation.
Bitcoin is the Internet of money – a distributed, worldwide, decentralized and digital store of value. Unlike traditional currencies (FIAT) such as Dollars, Euros, Yen, or Yuan, Bitcoins are issued and managed without any central authority such as a government, company, or bank in charge of Bitcoin. Bitcoin cannot be duplicated or forged and nobody can alter the capped volume as it is written in the code. With Bitcoin, you can be your own Swiss bank.
From February 2011 to April 2011, Bitcoin reached dollar parity – this was certainly an exciting time for early adopters. As we see the Bitcoin Price Climbing upward the possibility of Millibit-To-Dollar parity is here in this current over $16 Billion Market Cap.
The Bitcoin price is affected by Geo Political events as more people globally seek a hedge for failing FIAT currency, a new asset class and inclusion in the new digital economy. As Bitcoin adoption by institutions, investors and consumers grows, coupled with an inelastic Bitcoin supply, the price will rise.
For this reason, Bitcoin is deflationary.
Is Bitcoin divisible?
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