Community Trust ScoreVerified
Pomp expressed: There are 813,509 bitcoin addresses that hold at least 1 full bitcoin.
Community response: Last I checked there was around 18 million Bitcoin. Its capped at 21 million. Supposed to hit that figure in the next 5 years or so with current mining efforts. My advice? Buy as much bitcoin as you can before then. Even its 0.000016 BCT (1 USD) per month.
That is totally incorrect, the halving decreases the rate at which Bitcoin is mined, so even though there are only approximately 3 million left to mine, the last Bitcoin will not be mined for roughly 120 years. Not sure of the exact year but it sure as hell isn’t 5 years7
The last BTC will be mined in 2140. More miners means more competition between them but not more bitcoins. Difficulty adjustment is keeping the block time at 10 minutes and new Bitcoins are part of the block reward. It gets cut in half every 4 years (210.000) blocks.
Bitcoin is pure energy (Mining) and time (Blocktime). Two physical quantities stored in the most secure, limited, decentral and digital raw material named Bitcoin.
Yet another breaking news was like: Interactive Brokers just announced they will empower Registered Investment Advisors across the United States to invest in bitcoin and cryptocurrencies. This means hundreds of billions of dollars can now enter the market more easily.
Community response: This news is arguably bigger than the Bitcoin futures ETF. For all of those who keep asking where are the funds going to come from to take BTC to a multi-trillion-dollar market cap what is going to happen now?
With or without an ETF. Corporations and funds are going to be on the bid. The inflation is transitory narrative is no longer believable for anyone.
We all know the percentage of bitcoiners who sold during the dollar liquidity crisis. Actually the reason Stanley Drunkenmiller bought in when he learned that. When it comes to bitcoin it is the buyers that matter because holders aren’t selling.
This is bullish. Every time a bank issues anything remotely critical of BTC it’s probable that they own some, or a lot.
Doesn’t it take exactly the same market cap to go 100% up? Like 1 trillion?
Technically the market cap of BTC grew over 150 billion in the last few weeks. Is that a different measurement?
Approximately 85% of all bitcoin in circulation has not moved in the last 90 days. The last time that occurred was in October of 2020, which was followed by a 600% increase in price in under 6 months.
