Post halving, the reward will be reduced to 3.125 BTC leaving 6.25% of the total Bitcoin supply left to be mined.
93.3% of all the Bitcoin has officially been mined. Only 6.7% left. It feels like 90% was just yesterday! Scarcity people! Remember from the previous halving to the next one would be the same amount of sats (6.25%) as from the next halving to the final halving in 2140. Let that sink in for a minute, especially now that the big dogs (BlackRock, Fidelity, etc.) finally recognize Bitcoin as a store of value, as a legit asset class.
“When you really sit back and process this, it seems inevitable that there will be a moment of rude awakening among the masses. You’ll probably want to own some Bitcoin before that moment comes.”
What is the halving?
The last Bitcoin halving took place on May 11, 2020, and the next bitcoin halving will likely occur in early 2024. (ETA 23.4.2024)
What is the halving? New bitcoins enter circulation as block rewards, produced by the efforts of “miners” who use expensive electronic equipment to earn, or “mine,” them. Roughly every four years, every 210,000 blocks mined, the total number of bitcoin that miners can potentially win is halved.
The process will end once the number of bitcoin in circulation reaches 21 million. A popular estimate is that it will occur sometime near the year 2140.
Abundant money leads to asset scarcity.
Scarce money leads to asset abundance.
Bitcoin🧡
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