- Oct 25, 2021
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One benefit people enjoy about the Bitcoin network is that it is mathematical and predictable, in comparison to monetary systems issued by central banks worldwide, which are based on the whims of policymakers and are completely unpredictable. At the time of writing, 18,899,800
The 90% statistic can be seen on data sites like
“Estimates of 3-5 million [bitcoin] are out there,” one Redditor
Bitcoin Inflation Rate per Annum Estimated to Be Around 0.4% in 2030
While we don’t have a hard number of how many bitcoins are officially unrecoverable or lost, it’s far different than the predictability of
Right now, the block reward is 6.25 bitcoins per block and the rewards will decrease to 3.125 bitcoins per block post-halving. With the current Bitcoin inflation rate fluctuating between 1.75% to 1.88%, we can estimate that after the halving Bitcoin’s inflation rate will be around 1.1%. The Bitcoin protocol halves continuously every 210,000 blocks until it reaches 0, which is estimated to be around the year 2140. By then (the year 2140), it is expected that miners will continue securing the network and processing transactions based on network transfer fees.
There’s a total of two more significantly sized bitcoin block reward halvings expected up
With Bitcoin’s hashrate climbing to all-time highs, the time frames of exactly when these changes will occur are fairly good approximations, but not set in stone. Currently, network participants (miners) dedicating hashrate to the
What do you think about the fact that 90% of the 21 million bitcoins that will ever exist have been mined into circulation? What do you think about Bitcoin’s programmatic scarcity and predictable issuance rate? Let us know what you think about this subject in the comments section below.