🚀 Bitcoin on the home stretch: over 95% of coins have already been mined!
As a result of active Bitcoin (BTC) mining, miners currently have less than 6% of the total supply of 21 million coins left to mine. As of today, approximately 19.9 million BTC are in circulation, amounting to about $2.36 trillion. The last Bitcoin is expected to be mined no earlier than 2140, however, 99% of all coins will be secured by January 2035.
Every 210,000 blocks, a halving occurs – an event where the reward for miners is cut in half. The next halving is scheduled for 2028. From a historical perspective, halvings have significantly influenced the price growth of Bitcoin, and this desire has even solidified among institutional investors after the launch of the BTC ETF.
Unfortunately, some experts express concerns about a possible change in the total number of Bitcoins, but this remains just a hypothesis. Additionally, enterprises like Strategy are buying large volumes of Bitcoin, increasing demand and supporting price growth throughout 2024.
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