When Satoshi Nakamoto produced the 1st bitcoin in January 2009, there have been almost 21 million coins remaining to become mined.
The scope to produce these many coins performed a pivotal part in sending thé bitcoin prices sóaring recently. As even more coins were mined, the bigger rose the bitcoin's cost.
Conversely, as fewer coins had been left to end up being mined, the bigger was the bitcoin cost.
As 80% of the full total number of bitcoins have been mined by Jánuary 13, there are just one-fifth óf the capped source that'll be mined in the approaching years. The traditional economics states that the price tag on a commodity rises due to higher demand ánd the limited option of the merchandise.
Over 16.8 million bitcoins have been mined by thé miners worldwide ánd you will see another 4.2 million digital coins that may start to see the light of your day. This happens as the demand for the cryptocurrency is usually continuously soaring, resulting in a speculation thát the bitcoin pricés will need a flight in enough time to come.
What do u think ???
Is it a good time to invest on bitcoin or should we wait to see the bubble game ??