The world only has 20% Bitcoin to 'dig'

Unlike the other coins, bitcoin is limited in number of exploits, we can only dig a total of 21 million bitcoin. Meanwhile, more than 16.8 million bitcoin has been exploited, equivalent to 80% of this amount, the total amount of bitcoin that can be mined is only 20%.

Digging bitcoin will become harder and harder, while stealing and cheating bitcoin will increase even more.

The world only has 20% Bitcoin to 'dig' Picture 1

Satoshi Nakamoto is the founder of bitcoin money. In 2009, he undertook the first block mining operation and at that time, it corresponded to the 50 bitcoin reward (BTC).

Block rewards will halve every four years or when 210,000 blocks are established. 2009 was 50 BTC, in 2012 dropped to 25 BTC and now at 12.5 BTC. Only 21 million bitcoin can be exploited. Predictably, the last bitcoin will be dug in 2140.

One of the reasons for this increase in the price of encryption in the past is the scarcity of bitcoin itself. Currently, Bitcoin is the highest value encryption, both in capitalization and in exchange rates.

With other types of cryptocurrency, digging coins can be exploited as much as they want until they find it worthless because they are not limited in quantity.

At the end of the day, the bitcoins will be very difficult to exploit, while the reward will decrease. This makes the new digging speed slow and the value of bitcoin is difficult to guess.

Because it depends on the speed of hardware development, it is not yet possible to determine when the last bitcoin is dug. However, according to many experts predict, that time will be 2140 when all current investors have become "dusty".

See more:

1. Why is the price of bitcoin so high?
2. What do you need to know when buying Bitcoin or selling Bitcoin?
3. TON - is the crypto currency expected to be the largest ICO in history to be superior to Bitcoin or Ethereum?