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Over 90% of all bitcoins have already been mined

Over 90% of all bitcoins have already been mined

According to the Clark Moody Bitcoin Dashboard, 90% of all bitcoins have already been mined. At this point, that's about 18.9 million coins out of 21 million.

The growing interest in bitcoin as an investment asset and its limited issuance will only increase demand and decrease the supply of bitcoin in the market every year. According to generally accepted market laws, this should only have a positive effect on the price of this asset. 

The corporate sector, various funds, and institutional investors, who rarely sell, are constantly buying bitcoin, only accumulating it in their wallets, actively contributing to this forecast. According to the Glassnode platform data, about 14.5 million BTC (over 78%) were in cold wallets and were not traded on exchanges last year.

Recall that mining the remaining 2.1 million BTC is extended in time and will take another 119 years.

In theory, over the coming period, the price of the oldest cryptocurrency should grow at least 30 times the current mining cost. In addition, the resulting price of $240,000 should be added to at least double the profit margin, as well as the effect of more than a century of inflation and growth in demand that will increase exponentially every year.

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