What is the maximum number of bitcoins that can ever be mined?

Question: What is the maximum number of bitcoins that can ever be mined?

The maximum number of bitcoins that can ever be mined is capped at 21 million. This limit was set by the creator of Bitcoin, Satoshi Nakamoto, to introduce scarcity to the digital currency, akin to precious metals like gold. As of the latest data, there are just over 19 million bitcoins in circulation, leaving less than 2 million yet to be mined. The process of mining bitcoins involves solving complex mathematical problems, and as more bitcoins are mined, these problems become more difficult, thus slowing down the rate of new bitcoins entering the system. It's estimated that the last bitcoin will be mined around the year 2140, due to the halving events that occur every 210,000 blocks, which reduce the mining reward by half and have been designed to occur approximately every four years.

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