Bitcoin Infinity Day: Celebrating the ∞/21Million theory
On August 21, 2021, the Bitcoin community celebrated a unique event known as “Bitcoin Infinity Day.” This day was chosen for its symbolic representation of the number 8/21, which aligns with the infinity symbol (∞) and the 21 million cap on Bitcoin’s supply.
The concept of Bitcoin Infinity Day began a few years prior and gained prominence in 2021, thanks to the efforts of Bitcoin enthusiasts and authors like Knut Svanholm. The date, August 21, or 8/21, was selected to honor the finite supply of Bitcoin, which is limited to 21 million coins. The number “8” symbolizes the mathematical sign for infinity when placed horizontally, and “21” refers to the maximum number of bitcoins that will ever be mined.
This day became an opportunity for the Bitcoin community to reflect on the principles that underpin the cryptocurrency: scarcity, decentralization, and the potential for infinite possibilities within a finite system. It was a moment to consider the economic implications of a currency with a capped supply, especially in contrast to traditional fiat currencies, which can be printed without limit.