On October 19, 2019 miners mined the 18 milionth BTC coin. It took a little over one and a half years to mine another million of bitcoins. The 17-millionth coin was mined on April, 26, 2018.
Today 85,72% of all mined bitcoins are in circulation. According to algorithm made by Satoshi Nakamoto, the last, 21 millionth coin will be mined in 2140.
The next landmark event in the bitcoin network will take place in 205 days – on May 18, 2020. This day halving of the reward for each mined bitcoin block will take place – from 12,5 BTC to 6,25 BTC.
Many crypto industry experts think that halving will become a catalyst for the explosive growth of Bitcoin to the level of $ 60,000. However there are those who think that nothing of a kind will take place. Jihan Wu, Bitmain’s CEO, is among sceptics. He thinks the price of the main cryptocurrency may both surge and collapse. Halving will hardly likely influence the price change.
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