Because that's where it starts. Once there is a facility for creating more bitcoin, someone will eventually find a way to control it, and then provide seemingly good reasons to make more.... War, theft, recessions, fixing a paper bitcoin seller before they bankrupt, etc.

Its also a math thing. The algorithm is limited to the designated amount.

There is also certainty with how much bitcoin will ever exist, which makes it much easier to determine its worth.

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If the algorithm added it itself, no one would control it, just as is the case now.