But, given the growing demand for Bitcoin, can we endure more shortages?
With only 21 million Bitcoin (BTC) issued, remains a little bit less than 2.5 million BTC are to be mined.
In one Tweet, ChartBTC said that The Bitcoin network has already passed BTC’s 18.5 million mark in circulation. This means that less than 2.5 million BTC leftor about 11.9% of the total Bitcoin to be generated.
ChartBTC noticed that Half of the remaining 2.5 million BTC will be mined over the next four years. Since the Genesis block in 2009, the Bitcoin network has already suffered three halves, with the third halving taking place in May of this year. Since the issuance of new coins is halved every four years, The last bitcoin is expected to be mined in 2140. After this year, no new Bitcoin can be mined.
As previously reported by Cointelegraph, a group of Eight Crypto Valley experts thought the latest halving would be different from the past because more and more people are considering storing their savings in BTC.
The institutional demand for Bitcoin has been rising steadily since the beginning of 2020. New survey data showed this Institutional investors intend to increase their Bitcoin allocations regardless of short-term price cuts. Thanks to your investment in MicroStrategy, the world’s largest sovereign wealth fund now owns 577.6 BTC.
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