As it is known only 21 million Bitcoin (BTC) will be issued in total and now of that amount, only the remaining 2.5 million BTC is still available for mining.
According to a recent ChartBTC statement via Twitter account, the accumulated Bitcoin network worldwide has surpassed a total of 18.5 million BTC. This means that there is a balance of less than 2.5 million BTC or about 11.9% of the amount of Bitcoin that will be generated.
ChartBTC said half of the 2.5 million BTC will be mined over the next four years. Since block genesis (block genesis) in 2009, the Bitcoin network has undergone three phases of halving, the third phase of which took place in May this year.
Following the issuance of new Bitcoin has been reduced to twice every four years, expectations for the final Bitcoin mining will occur up to 2140.
After that year, no new Bitcoins will be mined.
Cryptocurrency experts from Crypto Valley argue that the last division is different from the previous division because more people are considering keeping their assets in BTC.
Since the beginning of 2020, Bitcoin demand from institutions has continued to see an increase.
Based on the survey conducted, investors, especially among institutions, are more likely to continue to increase their Bitcoin savings regardless of short-term price depreciation.
As previously reported, the largest investment management fund in the world, Norway Government Pension Fund Global, owns 577.6 BTC through its investment in MicroStrategy.
