Due to its predictability, cryptocurrency investors often overlook Bitcoin (BTC) supply inflation. Understanding that predictable inflation still has economic effects can leverage investment results in this market.

由於其可預測性，加密貨幣投資者經常忽視比特幣（BTC）的供應通膨。了解可預測的通貨膨脹仍然具有經濟影響可以利用該市場的投資結果。

In particular, Finbold looked into Bitcoin’s supply inflation from a different perspective. We aimed to understand the practical effects of these economics and provide valuable insights for BTC holders. This is achieved by calculating the exact price Bitcoin would trade if it ever hits its highest market cap.

特別是，芬博爾德從不同的角度研究了比特幣的供應通膨。我們的目的是了解這些經濟學的實際影響，並為 BTC 持有者提供有價值的見解。這是透過計算比特幣達到最高市值時的確切交易價格來實現的。

Proportionally, a commodity’s inflationary supply requires more demand in order to keep its same value (or price). These two factors influence whether a commodity price rises or falls. Each cryptocurrency, including Bitcoin, has its unique economic structure.

按比例來說，商品的通貨膨脹供應需要更多的需求才能保持其相同的價值（或價格）。這兩個因素影響商品價格的上漲還是下跌。包括比特幣在內的每種加密貨幣都有其獨特的經濟結構。

Notably, Bitcoin had an all-time high market cap of $1.302 trillion on November 10, 2021, according to TradingView’s index. Meanwhile, BTC was trading for as high as $68,789, as registered by CoinMarketCap. An inverse calculation suggests a circulating supply of around 18.927 million BTC at that time.

值得注意的是，根據 TradingView 的指數，2021 年 11 月 10 日，比特幣的市值達到 1.302 兆美元，創下歷史新高。同時，根據 CoinMarketCap 的記錄，BTC 的交易價格高達 68,789 美元。反演計算表明，當時比特幣的流通量約為 1892.7 萬枚。

Bitcoin supply inflation and its economic effects

比特幣供應通膨及其經濟影響

Let’s explore BTC’s supply inflation and its economic implications. On November 30, Bitcoin had a circulating supply of 19.557 million coins. This results in a supply inflation of 630,000 BTC (3.32%) in two years, or around 1.66% a year.

讓我們探討一下 BTC 的供應通膨及其經濟影響。截至 11 月 30 日，比特幣的流通量為 1,955.7 萬枚。這導致兩年內供應膨脹 630,000 BTC (3.32%)，或每年約 1.66%。

The price projection also shows the relevant economic effects of this inflation. In case the leading cryptocurrency reaches its highest speculative demand of $1.302 trillion market cap, BTC would trade at a proportionally lower price than the corresponding all-time high.

價格預測也顯示了這種通貨膨脹的相關經濟影響。如果領先的加密貨幣達到 1.302 兆美元市值的最高投機需求，BTC 的交易價格將按比例低於相應的歷史高點。

Considering the circulating supply at the time of publication, Bitcoin would trade for $66,574 at its highest capitalization. Interestingly, a loss of $2,215 (3.2%) from the previous price in 2021.

考慮到發佈時的流通供應量，比特幣最高市值時的交易價格為 66,574 美元。有趣的是，與 2021 年之前的價格相比，損失了 2,215 美元（3.2%）。

However, this still indicates a potential 77% increase from the current price of $37,600.

然而，這仍然表明比目前 37,600 美元的價格有 77% 的潛在上漲空間。

It is important to understand that the forecast requires the same demand as 2021 for Bitcoin. In this context, there are no guarantees that this demand will ever be seen again. On the other hand, it is also possible that a higher demand surges in the following years.

重要的是要了解，該預測要求比特幣的需求與 2021 年相同。在這種情況下，無法保證這種需求會再次出現。另一方面，未來幾年也有可能出現更高的需求激增。

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

免責聲明：本網站的內容不應被視為投資建議。投資是投機性的。投資時，您的資本面臨風險。