The “21 Million Club” is a colloquial term within the cryptocurrency space, specifically associated with Bitcoin. It refers to the predetermined maximum supply of Bitcoin, capped at 21 million coins as per the Bitcoin protocol.
This fixed supply is a fundamental aspect of Bitcoin’s design, serving as a deflationary mechanism and distinguishing it from traditional fiat currencies susceptible to inflation. The limited supply is expected to contribute to Bitcoin’s scarcity over time, potentially increasing its perceived value.
21 Million Club concept resonates with the ethos of sound money and has fueled discussions about Bitcoin’s role as a store of value akin to precious metals. The “21 Million Club” underscores the scarcity and digital scarcity narrative that is central to Bitcoin’s value proposition in the broader landscape of decentralized digital assets.
Bitcoin, often referred to as "digital gold," is the first decentralized cryptocurrency created by a person or group of people known as Satoshi Nakamoto. Operating on a peer-to-peer network without the need for intermediaries, Bitcoin enables secure and transparent transactions that are recorded on a public ledger known as the blockchain.
The Bitcoin Santa Rally refers to a seasonal phenomenon in the cryptocurrency market where the price of Bitcoin experiences a significant increase during the holiday season, typically in December. This surge in Bitcoin's value is often attributed to increased investor optimism, heightened trading activity, and a general sense of festivity and positivity prevalent during the year-end period.