What Bitcoin’s “80% Mined” Landmark Means for Cryptocurrency’s Price
fifths of all the bitcoins that will ever exist have already been mined, and it could mean shifts in the cryptocurrency’s price. Because creating bitcoins is supposed to get harder over time, cryptocurrency miners aren’t expected to reach the limit for another 100 years, but previous events show the effect such changes have on the market. shows that the amount of total bitcoins in circulation crossed the 16.8 million mark on Saturday, meaning the token is over 80 percent of the way toward reaching the 21 million mark. That’s the maximum ...
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