Bitcoin has just passed a significant milestone as nearly 90% of its circulating supply has been successfully mined over 13 years.
As Bitcoin is struggling to maintain the $48,000 price range, the famous cryptocurrency has reached a major milestone in its history.
Read more: https://www.tweaktown.com/news/83427/total-bitcoin-supply-hits-90-mined-how-long-will-the-last-10-take/index.html?fbclid=IwAR20fYxP76MoBR9j6mFWNJPIDarkVHcXwTAV2vJvB0h_V0op4wgyPbJA7GE
A report from CoinDesk states that Bitcoin\’s circulating supply has crossed the 18.89 million Bitcoin mark, which means that 90% of the total 21 million supply of Bitcoin has successfully been mined. It took 12.9 years to mine 90% of the total supply of BTC, with the first Bitcoins being mined on January 9, 2009.
According to the publication, it will take a staggering 112 years to mine the remaining 10%, with the estimated time frame for completion is sometime in February 2140. Bitcoin\’s value has been in a downwards trend ever since it reached its new all-time high of $69,000 back in November, and with the digital asset already down 30%, some are wondering if the range the coin is currently sitting at is the bottom. To find out more, check out the below link.
Credit to @ tweaktown
