Would it be possible to hav Bitcoin as a unit of account? While Bitcoin has gained traction as a store of value and medium of exchange, its role as a unit of account remains debated. Leading institutions like the Bank for International Settlements (BIS) and the London School of Economics suggest that Bitcoin’s volatility and lack of widespread pricing usage limit its potential in this role—for now. However, some economists argue that with more adoption, stability, and digital integration, Bitcoin could complement fiat currencies as a parallel unit of account. Let’s crack this code.

Bitcoin’s fixed supply of 21 million coins is a fundamental part of its design, intended to mimic the scarcity of gold and counter the inflationary nature of fiat currencies. Introduced by the pseudonymous creator Satoshi Nakamoto in 2008, this cap was hard-coded into the Bitcoin protocol through a process called halving. However, no definitive reason was given for choosing exactly 21 million. So, why is Bitcoin Capped at 21 Million? Let’s find out.

A staggering 60% of credit card holders faced attempted fraud in 2023, which exposed the vulnerabilities in our traditional payment systems. Bitcoin payments provide a more secure alternative that grows faster in popularity among businesses and consumers alike.