Like I mentioned yesterday, we are now less than 10 months from bitcoin's next halving event.
That is a big deal because the block rewards are going to drop from 12.5 btc per block to 6.25.
More about that can be seen here btw:
https://steemit.com/bitcoin/@jrcornel/we-are-now-roughly-10-months-from-bitcoin-s-next-halving
These events have historically been very bullish for bitcoin prices.
Right now, as of block 584,640, roughly 85% of all bitcoins that will ever exist have been mined...
Let that sink in for a moment.
As of today, right now, there will only ever be roughly 15% more bitcoin in circulation than there are right now.
There are now only 3,192,000 bitcoin left to be mined, ever.
There are roughly 35-40 million active bitcoin wallets in existence... and close to 8 billion people on the planet...
There are roughly 40 million millionaires in the world currently with 12 million of them living in the US.
The bitcoin ownership percentage is said be roughly 11% of the American population.
You do the math and figure out what happens to prices when adoption levels really spike...
Stay informed my friends.
Image Source:
https://www.investopedia.com/tech/how-does-bitcoin-mining-work/
-Doc
