Who Controls the Supply of Bitcoin? came to the fore in research

The cryptocurrency has started showing a slight correction over the past two days. Bitcoin, the world’s largest cryptocurrency, has once again crossed the $20,000 mark. Actually, the mood of the crypto market is known only by the price of bitcoin. The price of the token is also linked to the supply of the token in digital currency. But, do you know who controls the supply of the world’s oldest cryptocurrency? A research has come out regarding this, in which a lot of interesting information has been given.

Bitcoin is the most expensive digital currency, about which Bloomberg has done a research. Research says that when bitcoin was introduced, the people who invested in it at that time, in today’s time, they control its supply. Today, bitcoin investors have millions of dollars worth of coins. These people hold a large number of bitcoins and they control its supply as well as the price to some extent. But, if they have the biggest asset, then there is risk as well. Because, the cryptocurrency market is extremely volatile, it doesn’t take long for the billionaires of tomorrow to go bankrupt today.

The 190 millionth bitcoin has been issued in April. Now there are only two million bitcoins left for mining that can be brought into circulation. Currently the supply of bitcoin is 19,093,450 coins. The limit for the total supply of bitcoins is 201 million bitcoins. Bitcoin was created by anonymous person Satoshi Nakamoto, who was rewarded with 50 bitcoins. This is called block reward. This reward is halved every 210,000 bitcoins, or halved every four years.

At the moment, bitcoin miners get 6.25 BTC for each block they make. It took 12 years to mine 1 crore 9 million bitcoins. From this it can be calculated that 20 million bitcoins can be mined by the 2140th year. Talking about the current price of bitcoin, today its trade opening has taken place with an increase. At the time of writing this news the price of bitcoin in India stood at Rs 16,40,333 which is an increase of 1.74 per cent in the last 24 hours.

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