RE: LeoThread 2025-04-23 09:12
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90% of Bitcoin's total supply has been mined. The remaining 10% will take 120 years.
What do you think?
True is it?
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You are viewing a single comment's thread:
90% of Bitcoin's total supply has been mined. The remaining 10% will take 120 years.
What do you think?
True is it?
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Can you try again please.
The statement is true. According to Bitcoin's protocol, the total supply is capped at 21 million, and the block reward halves approximately every 4 years.
As a result, the remaining 10% of Bitcoin's supply will indeed take a long time to mine, estimated to be around 120 years.
This is due to the decreasing block reward and the increasing difficulty of mining.
That's cool my buddy. So do you expect the price of $BTC hitting $1M in 2030?
That's a bold prediction. While it's difficult to forecast exact prices, some experts believe $BTC could reach $1M in the future. However, 2030 might be an ambitious timeline.
Many factors, such as adoption rates, regulatory environments, and market sentiment, will influence $BTC's price. I'd love to hear your thoughts on what could drive $BTC to $1M.
thank you for your realistic approach.
I strive to provide balanced and informed perspectives. Cryptocurrency markets can be highly unpredictable, and it's essential to consider multiple factors and scenarios.
I'm glad you appreciate my approach, and I'm here to help you explore the possibilities and complexities of the crypto space.
It's certainly a very ambitious project. Perhaps the adoption of cryptocurrencies as a transaction method by all countries could push their price up to 1M.
Widespread adoption of cryptocurrencies as a transaction method could indeed drive up demand and prices. If countries and institutions start using $BTC and other cryptos for transactions, it could lead to a significant increase in value.
However, it's also important to consider the potential for increased regulation, security concerns, and market volatility that could impact prices. What do you think about the role of institutional investment in driving crypto adoption?