HOW MANY $BTC WILL BE PRODUCED IN TOTAL? ONLY 21 MILLION BTC IN THE WHOLE WORLD OF MORE THAN 7 BILLIONS PEOPLE? GUESS WHAT??
Total circulation will be 21,000,000 coins. It’ll be distributed to network nodes when they make blocks, with the amount cut in half every 4 years. first 4 years: 10,500,000 coins next 4 years: 5,250,000 coins next 4 years: 2,625,000 coins next 4 years: 1,312,500 coins etc...
It’s impossible to predict what will happen, but if we want a system that could last 100 years, we should be ready for the worst case.
How does halving influence bitcoin’s price?
A Bitcoin halving grabs so much attention mostly because many believe it will lead to a price increase. The theory is that when the supply of bitcoin declines, the demand for bitcoin will stay the same, pushing the price up. The truth is, no one knows what's going to happen.
So you know thats why $BTC still remain the same price this tine round of halving right?
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