m4dduck⚡️₿
· 6d
Today, Bitcoin has reached a small but symbolic milestone: 20 million BTC have already been mined.
Only 1 million coins remain, which will take ~114 years to mine.
This means that 95% of the total s...
The first 4 to 8 years where asymetrical due to the fact the supply was immense (~10million Bitcoin first four years, ~5million Bitcoin second 4 years), price was insignificant, penitration low.
Up till now we are stuck in the middle, there is some supply left (combination supply demand), price is not insignificant neither impressive, penitration still low.
The next phase will start when penitration kicks in, supply will be low (supply low demand insane), price will be high.
All the rest is noise.
And yes Bitcoin may fail and never reach the next phase.