The supply of cryptocurrency, Bitcoin, that is ready to be mined is running low. Quoted by Gizchina, Monday (4/4/2022), now 19 million bitcoins have been mined and the last 2 million bitcoins are ready to be mined.
This is exactly what Satoshi Nakamoto, the mysterious creator of digital currency, predicted.
On April 1, 2022, Bitcoin reached a new milestone. As blockchain analysis shows, the 19th bitcoin mining took place last week in block 730,000.
With this mining, Bitcoin will become an increasingly scarce currency. There are now more than 90% of bitcoins on the market.
Bitcoin creator Satoshi Nakamoto did decide to limit the number of bitcoins to 21 million. Once 21 million bitcoins have been mined, they will run out and cannot be mined again. According to experts, it is necessary to wait until 2140 for bitcoins to come out of mining again.
“Once a predetermined number of coins have been released, incentives can be fully funded by transaction fees and no longer require inflation,” said Satoshi Nakamoto, whose identity remains unknown, in the White Paper.
According to analysts at Chainalysis, that investors are losing access to their cryptocurrency reserves. While other holders carefully keep their currency in the wallet for several years.
“Bitcoin issuance is mathematical, and ultimately predictable. This is why one can estimate the time frame between the difficulty adjustment change and when the next halving occurs.” Chainalysis said.