Why is the maximum supply of Bitcoin set at 21 million coins?

Find out the most realistic reason why Satoshi Nakamoto set the maximum Bitcoin supply at 21 million. Let's start with the wildest speculation: Satoshi is a big fan of Blackjack. Blackjack is a card game with the banker facing 5 players behind a table. Each player plays against the dealer independently. To win the game, the player must collect cards (2–3 cards maximum) until they reach a value equal to 21.

If your cards are worth more than 21, you automatically lose. “I assume that Satoshi thought that this total number of 21 was a similarly winning number.” 2.

Satoshi and the Money Supply Equation (M1) We know that through Bitcoin, Satoshi wants to replace fiat currency, the system of which suffered from many problems. Before the release of Bitcoin, the Money Supply M1 issued data. He explained that there is 21 trillion dollars ($21,000,000,000,000) of total money around the world.

This money includes paper money, coins, deposits, and traveler's checks. “I assume that Satoshi wanted Bitcoin to have the same supply as fiat currency, and if Bitcoin succeeded in becoming the only currency that people used in 2008, I can say that the price of Bitcoin would be $1 million. *The calculation: $21 trillion (total money in circulation in 2008) divided by $21 million (Bitcoin).” A developer famously believes that Bitcoin's maximum supply is more of a mathematical coincidence and more of a conscious choice. Here's the math: Number of blocks per four-year cycle: 6 blocks per hour * 24 hours per day * 365 days per year * 4 years per cycle = 210,240 ~= 210,000 Add up all block reward sizes: 50 + 25 + 12.5 + 6.25 + 3.125 + … = 100 Multiply the two: 210,000 * 100 = 21 million.

Satoshi Nakamoto never explained why he set the maximum supply at 21 million, everything you just read is just speculation.