Coinbase CEO Brian Armstrong Says Only 1 Million Bitcoin Remain to Be Mined

Armstrong described Bitcoin as decentralized, inflation-proof money, highlighting the shrinking supply of new coins that can still enter circulation.

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Terms & Concepts
  • Bitcoin mining: The process of validating blockchain transactions and creating new Bitcoin according to the network’s fixed issuance schedule.
  • Decentralized: A system operated without a central authority, with control distributed across a network of participants.
  • Inflation-proof money: A description used for assets with limited supply, referring to resistance to supply expansion over time.