Cryptocurrency Q&A
When will bitcoin supply dry up?
When will bitcoin supply dry up?
Tommaso
Wed Aug 28 2024
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5
answers
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I'm curious to know, when exactly can we expect the supply of Bitcoin to dry up? As I understand, the total number of bitcoins that can ever be mined is capped at 21 million. So, is there a specific date or year when we can anticipate that all 21 million bitcoins will have been mined, and no more will be created? Additionally, how does this limited supply affect the potential value and stability of bitcoin as a cryptocurrency?
5 answers
Giulia
Fri Aug 30 2024
Bitcoin ETFs, or Exchange-Traded Funds, have emerged as a popular investment vehicle for those seeking exposure to the digital asset without directly owning or storing it. Their growing adoption has led to significant buying pressure on Bitcoin, further contributing to the expected supply shortage on exchanges.
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CryptoLodestarGuard
Fri Aug 30 2024
The impending Bitcoin halving, a scheduled event that cuts the block reward in half, will significantly impact the cryptocurrency's supply dynamics.
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Luca
Fri Aug 30 2024
The reduction in new Bitcoin entering circulation, from 6.25 BTC per block to 3.125 BTC, represents a 50% decrease in the issuance rate. This adjustment occurs approximately every four years and is a fundamental aspect of Bitcoin's monetary policy.
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HanRiverVisionaryWave
Fri Aug 30 2024
Following the halving, the overall supply of Bitcoin available for trading on exchanges is projected to dwindle within nine months. This prediction stems from the combination of decreased issuance and the ongoing accumulation of Bitcoin by various market participants, including Bitcoin ETFs.
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InfinityRider
Thu Aug 29 2024
Among the top cryptocurrency exchanges catering to this demand is BTCC, which offers a comprehensive suite of services for traders and investors. BTCC's offerings include spot trading, allowing users to buy and sell Bitcoin and other cryptocurrencies at current market prices, as well as futures trading, which enables advanced strategies for hedging and speculation.
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