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The last bitcoin is expected to be mined in the year 2140. Less than two million bitcoin are left to be mined. The next halving event is expected to occur in 2024 after which BTC emissions will drop to 3.125 BTC a block.Īs of 23 March 2023, more than 19.3 million BTC has been mined, representing 92% of maximum BTC supply, according to CoinMarketCap. The most recent halving event occurred in May 2021, when mining rewards dropped from 12.5 BTC per block to 6.25 BTC per block. Halving takes place every 210,000 blocks, which is roughly every four years, and sees the rewards for mining bitcoin cut in half. The maximum supply of bitcoin is capped at 21 million.įurthermore, the emission rate of bitcoin is designed to reduce over time in a process called halving. By 18 April 2023, the price of bitcoin stood at roughly $29,700.īitcoin has a hard cap, which means that only a certain number of bitcoin can ever be minted.

CRYPTOCURRENCY TICKER NAME SERIES

In 2022, however,a series of market crashed damaged both bitcoin and crypto in general, with BTC dropping by nearly 65% over the course of the year. New bitcoin are rewarded to so-called miners, people who validate transactions and add the history of transactions to the public blockchain ledger by solving complex mathematical equations using what is known as a proof-of-work ( PoW) consensus mechanism.īTC’s market cap hit more than $1.27trn at its peak in November 2021 when it reached an all-time high of $68,789. The first block on the Bitcoin network was mined in January 2009, which rewarded its miner with the first BTC. The system's pseudonymous founder Satoshi Nakamoto published the Bitcoin whitepaper in October 2008. Bitcoin explainedįirst, though, let's take a look and see if we can explain a little about what bitcoin actually is.īitcoin is a peer-to-peer electronic cash system that allows its holders to make online payments directly from one party to another without going through a financial institution. The number of active BTC-holding addresses surged from about 1,000 in July 2010 to a peak of more than 1.3 million by April 2021 at the height of that year's cryptoboom and, by 14 March 2023, there were more than one million people who held the coin.īut who are the largest holders of bitcoin and many bitcoin holders have enough of the crypto to be classified as major players, the so-called whales? Let's take a look who owns the most bitcoin. In fact, it could be said that, in the eyes of many, bitcoin and cryptocurrency are the same thing. The coin's market dominance is such that any crypto coin that isn't BTC is classified as an altcoin, meaning that its defining characteristic is that it is not bitcoin. Who owns the most bitcoin? – Photo: Parilov / īitcoin ( BTC) is pretty much the first cryptocurrency and, with a market cap of $540.6bn as of 6 April 2023, it is certainly the biggest.

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