10% Bitcoin Left: How Is It Going To Impact The Cryptocurrency Market?
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Back when it was introduced in 2009, Bitcoin was treated as nothing more than a digital asset that could at best challenge the likes of digital gold (never stocks or bonds, let alone the USD).
Fast forward to 2022, Bitcoin has become a store of value and a highly desirable asset whose market capitalization exceeds that of the biggest US companies like Berkshire Hathaway and Nvidia.
Scarcity is an often ignored component of this rise to fame of BTC. There are only 21 million BTC that can ever exist and new coins are being added every 10 minutes.
Combine this scarcity with the skyrocketing price of BTC and you’ve got the perfect recipe for creating FOMO as Bitcoin mining reaches its final stages across the next few decades.
What Will Happen When 100% Bitcoin Gets Mined?
One could argue that the race to the buzzer began when Satoshi Nakamoto mined the first-ever block of Bitcoin in 2009. Back then, each block of Bitcoin contained 50 BTC.
But the Bitcoin model is such that the number of BTC in each block reduces by half every four years. This, as you can tell, ensures that we get to the finish line slower and slower every four years.
There have been 3 Bitcoin mining halving events as of 2022 and each block of Bitcoin currently contains 6.25 BTC. The next halving event will make sure t
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