Bitcoin has a public ledger that you can view on one of many block explorers. https://blockexplorer.com/ for example. The bitcoin protocol issues a reward in bitcoin each time a new block is appended to the chain, which creates the circulating supply. In short, the circulating supply is verifiable.
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My doubts are cleared out now just because of this. Thank you so much! Cheers!
I'm glad you found the information helpful! Thank You!