What is the future supply of bitcoins?
Nibryel SevillaSep 23, 2021 · 4 years ago1 answers
Can you explain the future supply of bitcoins and how it will impact the cryptocurrency market?
1 answers
- Jorvaniyoh RogersJan 22, 2022 · 3 years agoThe future supply of bitcoins is an important consideration for investors and traders. As the supply of new bitcoins decreases, it may create a scarcity that drives up the price. This is known as the halving effect. The halving event occurs approximately every four years and reduces the rate at which new bitcoins are created. This event is programmed into the Bitcoin protocol and is expected to continue until the year 2140, when all 21 million bitcoins will have been mined. The halving events have historically been followed by bull markets, as the reduced supply of new bitcoins creates a sense of scarcity and increases demand.
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