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NewsBTC 2021-12-13 17:00:39

90% Of Total Bitcoin Supply Has Been Mined. How Long Will The Rest Take?

Bitcoin has been the leading choice for investors in the crypto space being the first of its kind. However, there is more to why the cryptocurrency is so attractive for investors. The limited supply of the digital asset has secured its reputation as a deflationary asset, making it a great inflation hedge. There will only ever be 21 million bitcoins that will be mined. BTC mining has now been going on for a little over a decade now. For the first eight years or so, mining activities remained pretty flat but picked up once the 2017/2018 bull market picked up. Since then, bitcoins have been mined at a rapid rate and despite multiple halvings taking place over the years, 90% of the total BTC supply has now been mined. Related Reading | Why “Bitcoin Creator” Craig Wright Came Out Ahead Despite Having To Pay $100 Million Majority Of Bitcoin Mined On Monday, bitcoin officially clocked 90% of its total supply mined. Over 18.89 million BTC has now been successfully mined since bitcoin was first launched in 2009, according to data from Blockchain.com. This number and the rate of mining have led to concerns about an impending supply shock in the market. As bitcoin grows in popularity, the demand for the digital asset is no doubt going to skyrocket. It is presently estimated that only about 5% of the total global population knows about bitcoin. A recent study showed that 55% of total bitcoin holders got into the market this year alon...

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90% Of Total Bitcoin Supply Has Been Mined. How Long Will The Rest Take?

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