It is often discussed with passion: Is Bitcoin the only true cryptocurrency? As so often in life, there is no single answer to this almost philosophical question. But nevertheless, there are clues that at least suggest that one can tend to answer this question with \u201cyes\u201d. <\/p>\n
Because several features speak for a certain superiority of Bitcoin (BTC) over other cryptocurrencies. In contrast to the thousands of different cryptocurrencies that have emerged since the first crypto boom in 2017, Bitcoin remains the first choice for any investor who dares to step into the crypto space. <\/p>\n
But why is Bitcoin superior to all other cryptocurrencies? To get the answer to this question, it is first necessary to examine what makes Bitcoin a solid store of value at all. These would be some of the main features of the leading cryptocurrency that set it apart from the competition: <\/p>\n
Once the last coin is mined, there will only be 21 million<\/a> Bitcoin in circulation. By 2035, 99% of all Bitcoins that will ever exist will have been mined. Due to the so-called halving event<\/a>, which takes place every 4 years and represents the halving of the reward for mining new BTC blocks, the last coin will not be mined until 2140. <\/p>\n This fixed number of coins to be issued is programmed into the Bitcoin code, which means that the supply always remains the same, regardless of how strong the demand rises. Over time, the supply expansion slowly decreases until it comes to a complete standstill. These economic principles of Bitcoin make a crucial difference compared to traditional fiat money<\/a> (but also many other cryptocurrencies). <\/p>\n Connected: <\/strong>85% of Bitcoin has already been mined<\/strong><\/a><\/p>\n