00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Bitcoin crossed a milestone after miners issued 20 million coins,
00:06leaving less than 5% of the total supply yet to be created.
00:09In a blog post, Kraken said Bitcoin's supply cap is enforced by code and a decentralized network
00:15of nodes. Satoshi Nakamoto embedded the fixed limit in the 2009 Genesis block.
00:21Bitcoin's issuance follows a having schedule that reduces the block reward about every four years.
00:26Miners originally received 50 BTC per block, each having slows new supply entering circulation,
00:32tightening supply growth. Bitcoin's annual inflation rate has now fallen below 1%,
00:36lower than gold and most fiat currencies. Supporters say Bitcoin's fixed supply
00:41makes it a form of hard money and a potential long-term store of value.
00:45The mining of 20 million coins highlights the network's design and its built-in scarcity.
00:50For all things money, visit Benzinga.com.
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