Cryptocurrency Miners Mine More Than 19 Million BTCs
Last Friday, cryptocurrency mining pools mined more than 19 million bitcoins.
As of April 3, the supply of BTC was 19,001,650 coins, according to CoinMarketCap. The 19 millionth Bitcoin was mined at block 730,000.
Kjetil Hova Peterson of CryptoVault has stressed mining is entering a new phase of development. The competition on the network will intensify as the mining of the cryptocurrency will stop after receiving 21 million BTC.
According to some estimates, the supply will be only 20,999,817.31 BTC. This will happen approximately within the next 120 years.
Experts have argued the limited supply of Bitcoin will stimulate the growth of the value of the cryptocurrency. Last night, Bitcoin was trading at around $46,400.
Many supporters believe BTC will keep growing in the future. For example, the founder of BitMEX, Arthur Hayes, thinks Bitcoin will reach $1 million.
