An article on Bitcoin (BTC) has become a “classic” but as a crypto writer it is always a pleasure to pull out your quill and lay lines on the oldest of cryptos. Let’s go for a few words on the remaining supply of Bitcoin for mining; It’s not too late to start mining BTC yet, it’s just more difficult. The apprentice miners will certainly find their happiness by taking a tour in the Mining Tribune.
120 more years in BTC mines
According to the latest estimates from ChartBTC, 18.5 million Bitcoins would currently be in circulation; there would therefore remain a little less than 2.5 million Bitcoins to be mined, or 11.9% of the total supply.
ChartBTC advance that half of Bitcoins remainder will be mined over the next 4 years.
Source : Image via Twitter
Since the block genesis was mined in 2009, Bitcoin has already experienced 3 halvings, the last one taking place on May 11, 2020.
These halves of the block reward, and the continued increase in the network’s hashrate, certainly improve the safety of the latter, but increasingly complicate the work of minors.
Forecast calculations indicate that the last Bitcoin will likely be mined around 2140.
Institutionalists are hungry for Bitcoin
The underlying characteristics of Bitcoin contribute considerably to its rarity; with an increase in its demand, many Bitcoiners anticipate an explosion in its price.
Institutional investors such as Grayscale, are showing more and more interest in diversifying their portfolio by turning to cryptocurrencies.
The firm MicroStrategy listed on Nasdaq, recently made an investment of nearly $ 250 million in Bitcoins, as a hedge against inflation.
According to a survey by the crypto insurance company Evertas, 32% of respondents expect a drastic growth in the cryptocurrency holdings of hedge funds.
Indeed, it seems that institutional investors tend to increase their allocations by Bitcoins, whatever the trajectory of the price of BTC in the short term.
While Kazakhstan will be close to $ 1 billion worth of Bitcoin mining investment, you don’t need to invest that much and race: after all, just 1 BTC will net you $ 1 million in 10 years. Look at the opportunity, not the obstacles: the first step is always the hardest, and the main thing is to get started.
Litecoin, welcome in the Silver Age