19 Million BTC in two weeks' time

[remotemass]

19 Million BTC in two weeks' time, then by 2027, 95% of the 21 Million bitcoins' limit will be in circulation. Then it will take 113 years to issue the last 5%.

Bitcoin fixed supply makes it certainly very deflationary with ramping purchasing power.

- remotemass

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[LoyceMobile]

Bitcoin fixed supply makes it certainly very deflationary with ramping purchasing power.

That's something not many people seem to understand. All my life I've been told about inflation, and barely anyone seems to realize it's not in the interest of the common man.
I don't need rising prices just so I can think my salary went up, and I love seeing prices measured in Bitcoin drop over the years.

[velhoti]

Right now the world and my country are passing by an historical conjuncture with high inflation and the close future don't look good. 

It is a mix of feelings negatives and positives seeing the people becoming more and more poor daily and perceiving that the prices measured  in bitcoins are historically cheaper.

Fiat savings make no sense to me anymore, unless one find huge interest rate (with no risks).

[mk4]

Fun fact: we're already halfway away from the next Bitcoin halving(or halvening, whatever). It totally felt like the last halving was just less than a year ago.

[Oshosondy]

19 Million BTC in two weeks' time, then by 2027, 95% of the 21 Million bitcoins' limit will be in circulation. Then it will take 113 years to issue the last 5%.

Almost all bitcoin would have been mined by 2030, I think 98% or something. Even with 95% mined, only 5% remaining to be introduced into supply by miners which will take over a century, bitcoin is very deflationary with its limited supply.

Fun fact: we're already halfway away from the next Bitcoin halving(or halvening, whatever). It totally felt like the last halving was just less than a year ago.

That is true, we are getting near to fomo period, the time people that are ready to buy massively, the period six digits wouldnbe possible.

[pooya87]

This is yet another reason why I've been saying that more people are going to come to bitcoin. The falling fiat currency values ensures it. Nowadays we are seeing higher than normal inflation rates everywhere too, not surprisingly we are also seeing bitcoin adoption grow everywhere at the same time.

[sunsilk]

Fun fact: we're already halfway away from the next Bitcoin halving(or halvening, whatever). It totally felt like the last halving was just less than a year ago.

Very true.

I guess it's because of the time that quickly passed due to the covid-19 pandemic and lockdowns.

It is a mix of feelings negatives and positives seeing the people becoming more and more poor daily and perceiving that the prices measured  in bitcoins are historically cheaper.

I'm having the excitement about how much it would be in the next years. Before and after the next halving by 2024. We're overwhelmed with the bull run that it got for 2 years and it's not yet stopping right now.

The growth of it was really a lot and what's more in store for the next upcoming years.

Fiat savings make no sense to me anymore, unless one find huge interest rate (with no risks).

It's okay to save some cash since we're still in the pandemic and war is there that affects the globe and  not all stores and supermarkets accepts bitcoin.

[bitzizzix]

This is yet another reason why I've been saying that more people are going to come to bitcoin. The falling fiat currency values ensures it. Nowadays we are seeing higher than normal inflation rates everywhere too, not surprisingly we are also seeing bitcoin adoption grow everywhere at the same time.

Yes, the reason bitcoin is designed to experience a predictable and low rate of inflation.
and one of the attributes that makes bitcoin so attractive to investors is the idea that bitcoin is more resistant to inflation than fiat currencies like the US dollar, and when inflation rates are higher, many people and investors adopt it at the same time.

[Mpamaegbu]

Fun fact: we're already halfway away from the next Bitcoin halving(or halvening, whatever). It totally felt like the last halving was just less than a year ago.

How time flies. Truly, it's like it happened just yesterday. If Bitcoin stays above $30,000 going into 2024, the next halving will see price spike so high in 2025 that will leave many jaws agape. So far, I think Bitcoin hasn't disappointed after hitting its last ATH in 2021 till now. Though it's losing around 40% of that gain in what shows a bearish momentum, we still can't compare it with what happened in 2018 after its ATH in 2017. The market is getting better after every halving. Expectedly, I want to see 2024 case top that of 2020.

[maria1110]

That sounds horrible.
19 Million US Dollar is already a large sum, not to mention Bitcoin in that quantity.
Last thing we want is inflation, it's not in the interest of the common people.

[stompix]

19 Million BTC in two weeks' time, then by 2027, 95% of the 21 Million bitcoins' limit will be in circulation. Then it will take 113 years to issue the last 5%.

Almost all bitcoin would have been mined by 2030, I think 98% or something. Even with 95% mined, only 5% remaining to be introduced into supply by miners which will take over a century, bitcoin is very deflationary with its limited supply.

Yeah, I don't know why people still bring 2140 into the discussion when it comes to the mining of new coins, by around middle 2032 99.2% of the coins would have been mined, with 0.1% being issued each year and that having as well.
Probably once this period is over we're going to see some real changes happening, right now the daily reward is at around $43 million (real fast blocks happening), imagine this being slashed in half, 600 million less on the markets in a month, ten times what Salvador has bought to date.

That sounds horrible.
19 Million US Dollar is already a large sum, not to mention Bitcoin in that quantity.

Indeed, it's horrible, especially since you obviously didn't bother to understand it's about the number of total bitcoins mined to date, not the price per bitcoin nor the value of some coins or whatever you're imagining this is about.

[TheBeardedBaby]

19 Million BTC in two weeks' time, then by 2027, 95% of the 21 Million bitcoins' limit will be in circulation. Then it will take 113 years to issue the last 5%.

Bitcoin fixed supply makes it certainly very deflationary with ramping purchasing power.

- remotemass

That's the greatness of the system, and the Satoshi's genius, there is no and there will never be any Jerome Powell printing bitcoins.
This is why man cannot be bearish on bitcoin in longer term. The governments cannot steal your wealth with their tool of inflation, devaluing your printed money with printing more and more money and those pieces of paper are not backed by anything, the same way as the toilet paper.

So buy and hold BTC and your grand kids will be independent.

[lornadane]

No wonder now that we see that bitcoin is growing everywhere.
That's why I've always preferred bitcoin even now because I see people getting more and more into bitcoin.
Especially now that war is happening everywhere, not to mention the occurrence of a pandemic that has not ended yet, but we can still see the inflation that occurs in bitcoin is getting higher And this makes bitcoin growing all the time.

[Myleschetty]

Fun fact: we're already halfway away from the next Bitcoin halving(or halvening, whatever). It totally felt like the last halving was just less than a year ago.

That is true, we are getting near to fomo period, the time people that are ready to buy massively, the period six digits wouldnbe possible.

Judging by the trend of the market. I think we're already in the period of fomo cause institution investors appear to accumulate more Bitcoin when deep than we think and most individual investors that notice this decision of the institution now appear to hold than selling

[amishmanish]

Fun fact: we're already halfway away from the next Bitcoin halving(or halvening, whatever). It totally felt like the last halving was just less than a year ago.

That is true, we are getting near to fomo period, the time people that are ready to buy massively, the period six digits wouldnbe possible.

Judging by the trend of the market. I think we're already in the period of fomo cause institution investors appear to accumulate more Bitcoin when deep than we think and most individual investors that notice this decision of the institution now appear to hold than selling

This has been said for a long time now. Does anybody really believe that there is a thing called as "institutional FOMO". Institutions don't FOMO, they create and guide the conditions that lead it it.

When we talk about institutions, we aren't talking about companies owned by people like Musk, Saylor or Jack who are into Bitcoin because they believe in it. When it comes to wide scale adoption, there is no escaping the "institutions". They will leave no stone unturned to ensure that crypto does not become some sort of safe harbor for the billions of "consumers" on which whole economies depend. As far as capitalists are concerned, Saving is bad for them. I doubt they will simply let things go so out of hand that people can just sit in Bitcoin and keep getting returns from it.

While that really would be an ideal state, the plain fact that Bitcoin distribution itself is far from perfect, means that even if such a system comes into being, it'll only be a replication of the old one, albeit with new power centers. Bitcoin is basically our collective bet on such a future. Those who want to take the bet, buy bitcoin.

[Oshosondy]

This has been said for a long time now. Does anybody really believe that there is a thing called as "institutional FOMO". Institutions don't FOMO, they create and guide the conditions that lead it it.

I will also not call it institutional fomo because institutions do not just invest but analyse very well about bitcoin before investing. I believe some institutions are ready to join but their analysts are advising them to wait until people will fomo which will be around next bitcoin halving.

When we talk about institutions, we aren't talking about companies owned by people like Musk, Saylor or Jack who are into Bitcoin because they believe in it. When it comes to wide scale adoption, there is no escaping the "institutions". They will leave no stone unturned to ensure that crypto does not become some sort of safe harbor for the billions of "consumers" on which whole economies depend. As far as capitalists are concerned, Saving is bad for them.

Michael Saylor do not just believe in bitcoin, his company Microstrategy is actually a bitcoin institutional investor, if his company sell all his bitcoin holding today, the price of bitcoin will fall not only abruptly but also significantly. I do not know if Jack Dorsey have any institution investing in bitcoin, I only know of square and the decentralized exchange he is planning to create. Elon Musk, that man is a manipulator, he is not a friend to bitcoin, I do not know yet if he has sold his $1.5 billion bitcoin but he bought it not as an institution, also Tesla dump bitcoin for doge which he manipulated.

More institutions are looking towards 2024, next halving. I guess this but that period, 2024 to 2025 will likely be very bullish and not only retail investors that will contribute but also institutional investors.

[Ale88]

19 Million BTC in two weeks' time, then by 2027, 95% of the 21 Million bitcoins' limit will be in circulation. Then it will take 113 years to issue the last 5%.

And in the meantime 80% of all US dollars in existence were printed in the last 22 months. It's absolutely crazy when we think about it. And yet the majority of the people think bitcoin is useless and/or a scam SMH. I wonder when the rest of the world will finally wake up.

[NotATether]

Bitcoin fixed supply makes it certainly very deflationary with ramping purchasing power.

That's something not many people seem to understand. All my life I've been told about inflation, and barely anyone seems to realize it's not in the interest of the common man.
I don't need rising prices just so I can think my salary went up, and I love seeing prices measured in Bitcoin drop over the years.

And speaking about that, more people need to watch How The Economic Machine Works. Masterful explanation, that video.

Oh no, Satoshi was wrong and should have set 210 million BTC instead of 21 million - and what if he comes back and does just that😱

Satoshi is not part of the Bitcoin Core Github organization that has write access to the repository, therefore he can't do that.

[Lucius]

What this topic is missing is speculation on how much BTC has been lost so far - is it 2 or maybe 4 million BTC? Will there be enough BTC for everyone when all the millionaires decide to buy at least 1 BTC? Oh no, Satoshi was wrong and should have set 210 million BTC instead of 21 million - and what if he comes back and does just that😱

Michael Saylor do not just believe in bitcoin, his company Microstrategy is actually a bitcoin institutional investor, if his company sell all his bitcoin holding today, the price of bitcoin will fall not only abruptly but also significantly.

Don't worry, he will certainly be very considerate in that case and will not tell anyone that he has sold (OTC)🤑. Who knows, maybe he'll change his mind again🤠


Source

[Oshosondy]

What this topic is missing is speculation on how much BTC has been lost so far - is it 2 or maybe 4 million BTC? Will there be enough BTC for everyone when all the millionaires decide to buy at least 1 BTC? Oh no, Satoshi was wrong and should have set 210 million BTC instead of 21 million - and what if he comes back and does just that

To know how much bitcoin have permanently lost can be impossible for now, but probably after many centuries it will be possible, the untouched bitcoins can be assumed to have been lost, using addresses connected to it for the tracking. But right now, the amount of bitcoin lost can not be known.

But the lost Bitcoin is not a lost because it will only make the available bitcoin in circulation to be limited, the value of lost coins is distributed to the available ones in circulation, because of this, we can say bitcoin is lost from someone but not lost in value.

21 million is a perfect limited number of bitcoin that will exist in circulation. If it is 210000 bitcoin, bitcoin price that is $42000 now will be $4200, supply makes value to be reduced. Bitcoin is existing in satoshi, the worst case will be when 1 satoshi will worth something which will be because of how the world has highly adopted bitcoin, which is not a worse case actually.