Crypto Coin

More BitcoinS Claimed than Known

Ratings agency Weiss Ratings has made a serious claim about bitcoin supply around the world. Weiss Ratings’ Twitter account said that bitcoin supply around the world is more than 21 million, which is listed as the upper limit.
Cryptocurrencies have been holding an important place in the markets for a long time. Cryptocurrencies, which reached a market volume of billions of dollars, were becoming widespread, while on the other hand they brought controversy. A new claim suggests that bitcoin supply is even greater than people think.

A tweet from the official Twitter account of international rating agency Weiss Rating on May 25th claimed that the total Bitcoin supply was more than 21 million, which is expressed as the maximum supply. Weiss Rating’s tweet suggested that crypto-currency exchanges have leveraged cryptocurrencies, as banks do in money supply, enabling more cryptocurrencies to be revealed than the current supply.

Weiss Rating also criticised the model offered by crypto-currency exchanges, although it has been popular in recent times, said that the stock exchanges that offer crypto money storage services have created a problem of trust. Weiss Rating’s tweet said that the only safe method is for cryptocurrencies to protect their own cryptocurrencies.

So far, the amount of Bitcoin released is known to be 18.3 million. But not all of these Bitcoins are in circulation. Experts say about 4 million of the total supply is irrevocably lost.

While the total amount of Bitcoin on the market is a matter of interest for the period, weiss rating’s tweet may lead to a new debate on this issue.

Back to top button
Close
Close