80 Percent of the Total Bitcoin Supply Have Now Been Mined
It will soon be difficult to acquire this digital asset. It was one of the first to introduce this digital reduction to the protocol of Satoshi Nakamoto.
Only 4.2 million Bitcoins are left for mines
This means that there are only 20 percent remaining in the mines. It has now been mined in circulation. At the end of this week, a milestone has been marked for 80% currency for bitcoin.
Solving the General’s Problem
Digital Scarcity and the Next Halving
Source - https://news.bitcoin.com/80-percent-of-the-total-bitcoin-supply-have-now-been-mined/
In econ we have the idea of substitutable goods. I think when the point where all the BTC is mined a couple things will have already happened. 1) People will realize BTC's technological inferiority as a store of value and will have adopted another token to be the premiere "digital gold" token. 2) The focus within the blockchain/cryptocurrency space will shift from a focus of "currency" or "medium of exchange" and expand on utility tokens and protocols like Ethereum, thereby minimizing the value of simple "digital gold" tokens like BTC.
2.24% @pushup from @yash0108