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What Happens When The Last Bitcoin Is Mined?

Bitcoin ends: mined ...

Bitcoin ends: almost 88% of all existing coins mined
CONTENT

  • Over 88% of all existing bitcoins mined

  • All 21 million coins will be mined by 2040

  • The cost of military-technical cooperation can reach $ 1 million

International consortium of news organizations developing transparency standards.

On the night of Saturday to Sunday, September 27, 18.5 million bitcoins were mined, which is approximately 88% of the total supply of coins. How will this event affect the price, and will bitcoin become a limited investment asset like gold??

Bitcoin ends: mined ...

Millionaires will chase bitcoin

The message about the extraction of $ 18.5 million bitcoins caused a lively discussion on the social network Reddit. Immediately after the publication of the post, the opinions of users were divided. Some argued that no one really knows the real number of existing coins and the figure of 21 million may be fictional. Others are confident that Bitcoin will become a limited asset that millionaires from all over the world will start to chase after..

One of the users under the nickname @ 989 × 4000 wrote that 42 million millionaires are officially registered in the world, and only 21 million bitcoins. This means that for the first time millionaires without bitcoins will appear in society. This could lead the rich and investors to hunt for limited BTC coins..

Bitcoin ends: mined ...

According to the resource Vitcoinblockhalf, all 21 million coins will be mined by 2040. At the same time, asset inflation should be reduced to zero.

Users pay attention that the number of bitcoins in circulation is significantly less than mined. Only on Satoshi Nakamoto’s walletIn 2009, someone (one person or a group of developers), hiding under the pseudonym Satoshi Nakamoto (Satoshi Nakamoto), revolutionized the digital … More.

Bitcoin price should rise

Experts believe that the reduction in the number of coins available for mining should lead to an increase in the value of the asset. Some call the cost $ 250 thousand, while others put forward more modest forecasts – bitcoin will rise in price by no more than $ 20 thousand.

Fidelity analysts predict that BTC will be close to $ 1 million by 2024. And the UK fund group, which manages tens of billions of pounds sterling, is considering adding bitcoin to one of its prominent funds. A study by an investment firm found that, at best, bitcoin could trade between $ 40,000 and $ 50,000 (£ 30,390 to £ 37,990) over the next two years. This forecast will be realistic if large investment companies begin to massively invest in bitcoin..

And Russian analysts and experts are confident that by the end of the year the cost of bitcoin is unlikely to exceed the $ 12,000 mark.. 

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Bitcoin ends: mined ...

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