Legendary Name of Bitcoin History Warned: They Can't Control! Not Limited to 21 Million - Coin Bulletin

Blockstream CEO and famous cryptographer Adam Back made statements about the recent discussions surrounding Bitcoin and financial giant BlackRock.

Back, also referenced in Satoshi Nakamoto's Bitcoin technical document, finds concerns about the limited supply of the leading cryptocurrency unnecessary.

At the beginning of this week, Michael Saylor, the founder of MicroStrategy, shared an educational video released by BlackRock. However, a phrase in this video caught the attention and led to speculation within the community. The phrase stated that there is no guarantee that the total supply of Bitcoin will remain limited to 21 million.

The 21 million limit is inviolable for the Bitcoin community

Bitcoin's limited supply is seen as one of the strongest value propositions of the cryptocurrency. Unlike fiat currencies and inflation-prone altcoins, Bitcoin's supply was designed to remain unchanged from the beginning. Therefore, the possibility of increasing the supply limit is always considered a kind of "deviation" by the Bitcoin community.

Adam Back interprets BlackRock's statement as a "cautious legal measure." Back said, "This is simply a clause added by BlackRock's lawyers to protect the company from potential litigation risks. They indicate that if the community changes the supply limit one day, they cannot guarantee the Bitcoin ETFs sold by the company." However, according to Back, this statement is meaningless because the community will not pursue changing the 21 million supply limit.