94% of the Bitcoin total supply is mined leaving 6% to be mined over the next 116 years.
The top 10 Bitcoin holders are now in the spotlight, will they continue to accumulate?
Saylor calls this BTC accumulation race and arms race making Bitcoin a high-demand asset.
Despite Bitcoin’s slow sideways movement, support for the pioneer crypto asset is greater than ever. As BTC price swings between $58,000 and $60,000, financial institutions and other prominent entities continue to buy and hold Bitcoin (BTC) in exponential amounts, this is a highly significant move considering that over 90% of the Bitcoin supply has been mined so far.
94% of Bitcoin (BTC) Already Mined
https://twitter.com/SimplyBitcoinTV/status/1823899774656885186
In particular, as we can see from the post above, 95% of the Bitcoin (BTC) supply has been mined to date. This means that of the 21 million capped total supply of Bitcoin (BTC), 6% is still left to be mined. This leftover BTC will be mined over the next 116 years due to the Bitcoin blockchain’s steady tokenomics measures.
The responses to the post share their conviction over a single shared thought, that demand for the pioneer crypto asset will only continue to shoot up. With the sentiment that BTC price will only ever go up, more and more traditional institutions have begun to adopt and integrate BTC into their products and services further boosting Bitcoin’s exposure to the greater population, thus, bringing in more value for Bitcoin.
Will Top 10 BTC Holders Continue to Accumulate?
Companies are slowly beginning to understand the power and potential of Bitcoin (BTC) and are bringing the asset to the mainstream stage. The top 10 holders of Bitcoin (BTC) are the biggest advocates for the asset so far. Perhaps they will continue to accumulate Bitcoin over the next 116 years. Micahel Saylor calls this BTC accumulation race an arms race.
https://twitter.com/martypartymusic/status/1823728223017984196
To highlight, the top 10 Bitcoin (BTC) holders are as follows: Satoshi Nakamoto (1.1 million BTC), Binance (550,133 BTC), BlackRock (347,767 BTC), Grayscale (263,801 BTC), and MicroStrategy (226,500 BTC) take the top 5 spots. Following after, are BitFinex (221,315 BTC), the US Government (213,246 BTC), the Chinese Government (190,000 BTC), Fidelity (176,626 BTC), and Block One (164,000 BTC).
The post Bitcoin Arms Race Gains Momentum as Only 6% of BTC Remains Unmined, Top 10 BTC Holders in Spotlight appeared first on Crypto News Land.
