๐๐ ๐๐ฎ๐ฉ๐ฉ๐ฅ๐ฒ ๐๐๐๐ฅ๐ข๐ง๐ #PiCoreTeam #pi
As is widely known, when the price of PI rises above $31.4, many downplay this by referencing the total supply of PI coins, which is 100 billion. Critics of PI often argue that if its value were to surpass $31.4, it would exceed the GDP of many countries, including Bitcoinโs market cap.
However, what they often overlook is that only 6% of the total PI supply has been mined to date, with the remaining 94% still yet to be mined.
With such a significant portion of the supply still untapped, the โtotal supplyโ argument becomes less relevant. In an update from March 2, 2025, it was revealed that the PI base mining rate has dramatically decreased. As a result, an individual would now need to mine for nearly 40 years to accumulate 1,000 PI coins on their own.
This reduction in mining rate not only limits the supply but also makes the coin much scarcer, potentially leading to a surge in its value in the future