Will there be a shortage of bitcoin soon? After all, 85 percent has already been mined

Is Bitcoin shortage coming soon? After all, 85 percent has already been mined

The Blockchain website has revealed some very interesting data through its own monitoring. It turns out that miners have so far mined 17.85 million BTC coins. If we convert this figure into percentages, we will get 85% of the maximum possible amount. It will take only 120 years to mine the remaining 3.15 million.

The reward for miners for closing new blocks after a certain period of time will be smaller. That is why mining of all kinds of residues can last until 2140. Since the maximum volume has its limitations (21 million bitcoins), there will soon be a shortage. Why? The point is that users will not be able to maintain the proper level of supply. As a result, new cryptocurrency assets will be brought to the market.

There should be 17.85 million BTC coins in circulation, but in fact, this number is much lower. Do you know what the connection is? It turns out that it is in the blocked coins that can no longer be accessed due to the loss of private keys by miners. Chainalysis conducted a study and found the following. 2 years ago, the amount of bitcoin assets withdrawn from circulation was estimated at 4 million. Can you imagine?

Probably, on 05/17/2020, the reward for miners will be reduced by 2 times again – it will fall from 12.5 to 6.25 bitcoins per block. Most likely, the upcoming halving will cause the main digital currency to rise. This will happen because users will have a more significant impact on the market in this situation.