• Latest
  • Trending
  • All
  • News
Bitcoin’s supply draws closer as 19M BTC is mined; What next?

Bitcoin’s supply draws closer as 19M BTC is mined; What next?

April 3, 2022

Rising Prices on Main Street Erode Small Business Optimism 

September 25, 2023
Writer’s Guild Strike Against AI in Hollywood ‘Tentatively’ Over After 146 Days

Writer’s Guild Strike Against AI in Hollywood ‘Tentatively’ Over After 146 Days

September 25, 2023

Vitalik Buterin Continues Cashing Out of Ethereum, Further Downsides Expected

September 25, 2023
Gasoline prices are falling –

Gasoline prices are falling –

September 25, 2023
How long will the UAW strike last?

How long will the UAW strike last?

September 25, 2023
Dave Ramsey explains the importance of budgeting for small business

Dave Ramsey explains the importance of budgeting for small business

September 25, 2023
A tough week for stocks may lead to a rebound

A tough week for stocks may lead to a rebound

September 25, 2023
Panera partners with an iconic media company to give club members the news

Panera partners with an iconic media company to give club members the news

September 25, 2023
Introducing RFK Jr. to Bitcoin’s Nashian Orientation

Introducing RFK Jr. to Bitcoin’s Nashian Orientation

September 25, 2023
Over 200,000 Chileans have signed up for Worldcoin (WLD)

Over 200,000 Chileans have signed up for Worldcoin (WLD)

September 25, 2023
The 5 best crypto to buy now for under $5

The 5 best crypto to buy now for under $5

September 25, 2023
Litecoin price prediction: LTC to dip below $60; QUBE to observe a 6,000% surge

Litecoin price prediction: LTC to dip below $60; QUBE to observe a 6,000% surge

September 25, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, September 25, 2023
  • Login
WallStreetReview
  • Home
  • News
  • Contact WSR
No Result
View All Result
WallStreetReview
No Result
View All Result
Home News

Bitcoin’s supply draws closer as 19M BTC is mined; What next?

by Editor
April 3, 2022
in News
0
Bitcoin’s supply draws closer as 19M BTC is mined; What next?
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

You are here: Home / News / Bitcoin News / Bitcoin’s supply draws closer as 19M BTC is mined; What next?

Bitcoin's supply draws closer as 19M BTC is mined; What next?

April 3, 2022 by Lipika Deka

The world’s most dominant crypto asset Bitcoin achieved a new milestone as its circulation inches closer to its total supply of 21 million. On the 1st of April 2022, 19 million BTC have been officially minted, remaining only two million units of the coin to be mined.

As per data, the event occurred at block height 730002, mined by SBI Crypto, earning ming rewards of ‎6.32 BTC, which is around $293,000 as block revenue.

Screenshot 2022 04 02 185204

In a brief rundown, the first bitcoin was mined in 2009, amidst the great recession which was undoubtedly mined by Bitcoin’s legendary creator, Satoshi Nakamoto. The 18 millionths BTC was mined in 2019, but the 21 millionth won’t be mined until roughly 2140, provided the network sticks to the plan. 

That said, Crypto Twitter erupted with joy with several prominent users commenting on the landmark occasion. Dan Held who is currently the Director of Growth Marketing at Kraken wrote,

19,000,000 Bitcoin mined.

Only 2M to go.

Few.

— Dan Held (@danheld) April 1, 2022

Alex Gladstein shared how the asset class has grown over the years and pointed out the scarce element of the coin, while some observed that now is the best time to hold BTC.

Another member noted that the last Bitcoin will be mined in about the year 2140. Others, however, could not resist sharing memes out of the Will Smith Oscar slap incident, depicting crypto haters to be at the receiving end!

In all its seriousness, the event is, without doubt, a significant moment for the BTC community.

2 million Bitcoin left, here’s what to expect

While it took BTC 13 years to mine 19 million coins, the remaining 2 million units of the coin will not be mined until the next 100 years which shows how scarce the currency will get. Another important thing to note is that the block reward would be reduced to half, which will occur in a little over two years.

Experts feel that this scarcity of Bitcoin would help push the price upward, with some predicting a base price of $1 million. Many even believe that the asset could ultimately become a global reserve asset that would push its adoption to greater heights.

Read More

Share196Tweet123
Editor

Editor

  • Trending
  • Comments
  • Latest
TikTok Shop Introduces Shoppable Videos for Small Businesses

TikTok Shop Introduces Shoppable Videos for Small Businesses

September 24, 2023
Trudeau Invokes Rare Emergency Powers To Shut Down ‘Freedom Convoy’ Blockades

Trudeau Invokes Rare Emergency Powers To Shut Down ‘Freedom Convoy’ Blockades

February 15, 2022
Canada’s OSC Flags Tweets From Coinbase, Kraken CEOs

Canada’s OSC Flags Tweets From Coinbase, Kraken CEOs

February 22, 2022
Scholz to warn Putin of western resolve on Ukraine

Scholz to warn Putin of western resolve on Ukraine

0
Waning stockpiles drive widespread global commodity crunch

Waning stockpiles drive widespread global commodity crunch

0
FT Global MBA Ranking 2022: US business schools dominate

FT Global MBA Ranking 2022: US business schools dominate

0

Rising Prices on Main Street Erode Small Business Optimism 

September 25, 2023
Writer’s Guild Strike Against AI in Hollywood ‘Tentatively’ Over After 146 Days

Writer’s Guild Strike Against AI in Hollywood ‘Tentatively’ Over After 146 Days

September 25, 2023

Vitalik Buterin Continues Cashing Out of Ethereum, Further Downsides Expected

September 25, 2023
WallStreetReview

Copyright © 1999-2023. WallStreetReview.com

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • News

Copyright © 1999-2023. WallStreetReview.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Don't miss the

NEWSLETTER

Exclusive editorial

Breaking News

Quality Company Coverage

Expert Writers

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

WallStreetReview will use the information you provide on this form to be in touch with you and to provide updates and marketing.