18 million bitcoins, as predicted, will be dug out today! Anthony Pompliano, co-founder of Morgan Creek Digital Assets, reminded us of the fact.
This Friday the 18 millionth Bitcoin will be mined.
There are only #3MillionLeft
Let’s make this hashtag trend so the world can learn about Bitcoin 🔥
— Pomp 🌪 (@APompliano) October 15, 2019
There’s three million left!
18 million bitcoins will be in circulation from Friday (17.10) – noted Pompliano. The entrepreneur came up with the idea of spreading the event under a special hashtag on Twitter and other social media – #3MillionLeft (there are 3 million left).
It should come as no surprise that Pompliano is so keen to promote this occasion, as he already stated to CNBC Squawk Box in August that he had invested more than half of his capital in Bitcoin.
Upcoming halving
Not only does the number of bitcoins decrease, but also the number of bitcoins that can be excavated. In front of us there is another halving of the Bitcoin network. This means that once again, the rewards that miners now receive in exchange for securing the network will be halved. Recall that the current reward for each block is 12.5 BTC. As of 14 May 2020, it will be “only” 6.25. In total, we have already dug over 85% of BTC’s supply.
As it turns out, the community is more and more willing to put their hands on the buried treasure. As reported by cointelegraph in September, the Bitcoin network achieved another record of its activity, exceeding the level of 102 quintilelions of hashes for the first time in history.
MINING scenarios
According to The Next Web, we’ll wait a hundred years to dig up all the bitcoins. But there are also theories that say that the last bitcoin will never be dug. All because of the increasing difficulty of extraction and the constant reduction of prizes.
But the thing that makes all investors and people interested in virtual currencies is the price. Bitcoin fluctuates around $8100 all the time and doesn’t look like a big knockout. It turns out that a good way to move the most popular cryptocurrency is to join Pompliano.
