"Bitcoin scarcity is upgrading again!!! Only less than 1.2 million remaining, circulating supply has broken through 19.8 million"
The inflation curve of the Bitcoin network is gradually flattening. As of now, the number of Bitcoins in circulation has reached 19,800,490.63 BTC, with only 1,199,509.375 BTC left to be mined, accounting for about 5.7% of the total supply. At the current block reward of 3.125 BTC and an average daily addition of 450 BTC, the mining of the last Bitcoin will become a symbol of scarcity in human history.
From the data, it is not difficult to see that the scarcity of Bitcoin is becoming increasingly prominent, which is also an important reason why it is hailed as “digital gold.” Under the mechanism of halving the block reward every four years, the remaining Bitcoins will enter the market at an increasingly slower pace, and this scarcity effect may further drive up its long-term value. For miners, the difficulty of obtaining rewards is gradually increasing, and mining activities rely more on efficient technology and low energy costs.
190,000 vs 1.2 million, how stark the contrast of scarcity is! If you are also curious about the future of cryptocurrency, feel free to follow Mr. Qiu and explore the endless possibilities of blockchain together. After all, standing at the windward side is much better than standing in an information blind spot!
