Cryptocurrency mining is a hot topic that has captured the interest of many people all over the world. And in this way, Bitcoins are the most valuable digital currency in this field.
Photo by Alesia Kozik
Of the 21 million supply circulation of Bitcoin, Nineteen million bitcoins have already been mined.
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As foreseen by Satoshi Nakamoto (The mysterious creator of digital currency) that there are only 2 million cryptocurrencies left to be mined. The last bitcoin will be mined sometime in 2140.
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Bitcoin attained a new landmark on April 1, 2022. As an analysis of the blockchain shows, the network has just surpassed the 19 million cryptocurrency mark.
Block 730,000 of the blockchain led to the mining of the 19 millionth bitcoin.
Photo by Alesia Kozik
The queen of digital currencies is becoming an increasingly unusual currency. More than 90% of bitcoins are now circulating on the market.
When creating the currency, Satoshi Nakamoto decided to limit the number of bitcoins to 21 million.
No new currencies can be mined once 21 million bitcoins have been mined
Like the cryptocurrency white paper, the Bitcoin Code does not allow new tokens to existing once they reach this threshold.
According to experts, it will have to wait until 2140 for the last bitcoin to leave mining.
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There are 19 million bitcoins floating around in the market
According to a study by Chainalysis, a company specializing in blockchain analysis, more than 20% of the 19 million bitcoins in existence are also in lost wallets.
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Many investors have lost access to their cryptocurrency reserves. Other holders have carefully stored their currencies in wallets for several years.
Such is the case with Nakamoto, whose bitcoins have not moved since 2010.
Reflecting gold, limited in quantity; Bitcoin appears to be well to establish itself as a store of value
Photo by Alesia Kozik
A rapid increase in its value should accompany the gradual reduction in the supply of bitcoin
Because of this, many analysts anticipate that the price of Bitcoin will continue to increase in the years to come.