🌐 Bitcoin mining is coming to an end, with more than 94% currently mined 💰
The total number of Bitcoins is 21 million, which is a well-known fact. But you know what? According to the latest X tweet monitoring data from HODL15Capital, 19.7579 million Bitcoins have been successfully mined on the market, which means that more than 94% of Bitcoins have been created.
In other words, there are currently only about 1.2421 million Bitcoins left, which is 5.91% of the total, waiting for miners to mine.
This data reflects that Bitcoin’s scarcity is becoming more and more significant. As the number of Bitcoins that can be mined decreases, the value of Bitcoin may attract more attention, which also seems to indicate that the difficulty of mining Bitcoin may further increase, potentially pushing up its market price.
🔍 Bitcoin Scarcity
Bitcoin’s scarcity is an important support point for its value. As more Bitcoins are mined, the remaining ones become rarer, which may attract more investors and collectors.
🚀 Increased mining difficulty
As remaining Bitcoins dwindle, an increase in mining difficulty is inevitable. This means miners will need more computing power and higher energy consumption to mine the remaining Bitcoins.
Do you think Bitcoin’s scarcity affects its price movement? What impact will the increase in mining difficulty have on miners and the environment? What factors do you look for most when investing in cryptocurrencies?
