Few days ago we had the second halving of bitcoin in history.
But what does this halving mean and why will it contribute for bitcoin to be worth 1 Million Dollars one day?
Let me explain in a very simple way, these are the amount of bitcoins generated every day since it was created:
Start (2009) : 7200.00000000 #start
Halving 1 (2012) : 3600.00000000 #Halving November 2012
Just with the first halving of 2012, 1 bitcoin went from about $5 to a max of about $1200 and STILL today it is around $660, that's about 130 times higher today and a top of about 250 times higher!
Now let's look into the future:
Halving 2 (2016) : 1800.00000000 #Halving July 2016
Halving 3 (2020) : 900.00000000
Halving 4 (2024) : 450.00000000
Halving 5 (2028) : 225.00000000
Halving 6 (2032) : 112.50000000
Halving 7 (2036) : 56.25000000
Halving 8 (2040) : 28.12500000
Halving 9 (2044) : 14.06250000
Halving 10 (2048) : 7.03125000
Halving 11 (2052) : 3.51562500
Halving 12 (2056) : 1.75781250
Halving 13 (2060) : 0.87890625
Halving 14 (2064) : 0.43945312
Halving 15 (2068) : 0.21972656
Halving 16 (2072) : 0.10986328
Halving 17 (2076) : 0.05493164
Halving 18 (2080) : 0.02746582
Halving 19 (2084) : 0.01373291
Halving 20 (2088) : 0.00686646
Halving 21 (2092) : 0.00343323
Halving 22 (2096) : 0.00171661
Halving 23 (2100) : 0.00085831
Halving 24 (2104) : 0.00042915
Halving 25 (2108) : 0.00021458
Halving 26 (2112) : 0.00010729
Halving 27 (2116) : 0.00005364
Halving 28 (2120) : 0.00002682
Halving 29 (2124) : 0.00001341
Halving 30 (2128) : 0.00000671
Halving 31 (2132) : 0.00000335
Halving 32 (2136) : 0.00000168
The real time clock: http://bitcoinclock.com/
So basically:
$0.01
$0.10
$1
$10
$100
$1000 <- Only one halving took you here!
$10000
$100000
$1000000
$10000000
$100000000
The more halvings we have, the less sell pressure we have on the market, as less and less bitcoins are created over time.
One advice to all: if you want a good retirement in 30 years from now, forget those ridiculous bank accounts paying 1% a year, just buy $100 of bitcoins today and in 30 years you will be a f*cking Millionaire!