Bitcoin has been a topic of debate for over 15 years, with many holding onto outdated ideas about its nature. However, a closer look at the facts reveals a more nuanced story.
The notion that Bitcoin's supply cap is 21 million coins is partially true, but not entirely accurate. The exact maximum supply is 20,999,999.9769 BTC due to how the code works. This built-in scarcity is what makes Bitcoin like digital gold, with no central bank able to print more.
Despite common claims of crypto being used for illicit activities, data from top blockchain analytics firms shows that less than 1% of all transactions are related to crime. In fact, the vast majority of Bitcoin activity is legitimate, with over 99% of moves being payments, savings, or trading.
The speed of blockchains has also improved significantly, with modern chains handling massive transaction volumes. For instance, Solana processes tens of millions of transactions per day, beating many centralized exchanges in raw count.
Crypto is not just speculation; it generates real cash flow through DeFi protocols that earn billions in fees from lending, trading, and staking. Bitcoin's tie-in with DeFi allows holders to earn yields, turning crypto into infrastructure rather than a pure gamble.