Great start to the rebound? 90% of Bitcoin has been mined and its insufficiency is becoming more and more glaring.

Zhitong Financial APP shows that over 90% of Bitcoin is mined according to the latest statistics from Bitcoin Data Platform Dashboard. As the level of knowledge and use of the benefits of the network increases around the world, the market will continue to increase the demand for Bitcoin, and the immediate slowdown will not be excused.

Bitcoin prices haven't been very happy lately, and on press Bitcoin has fallen 0.08% to US $ 48,967 per coin. Bitcoin's monthly drop reached 23%, and its drop in early December crossed the 10% mark.

According to data sources, the Bitcoin website is the only form of digital currency that can solve the problem of double-spending in distribution and "unreliable", governed by a good visibility protocol (works by tens of thousands of environment. it). Global) provides a limit of 21 million bitcoins.

The estimation and exchange of currency values ​​is an important factor in attracting investors to Bitcoin. In the eyes of many investors, the peer-to-peer digital advantages are solid. No one can inherently increase or decrease the value of Bitcoin. The Bitcoin network follows a "president without a leader."

To different people, Bitcoin usually means something else. For example, people in the United States or the United Kingdom may have the assets of the stock market, where inflation has not risen in recent years, but has continued to strengthen. age. Bitcoin, on the other hand, can be an important financial tool for people living in an environment of war or experiencing massive inflation.

The widespread adoption of Bitcoin around the world recognizes some of its potential and "incredible" benefits. When a new block is mined, the forecast for new bitcoin starts, on average, every 10 minutes. People understand the benefits of connectivity.

give up the shock?

In the opinion of Bitcoin Magazine author Namcios, more than 90% of Bitcoin products have already been announced and its shortcomings are now too well proven. While the packaging materials cannot be judged on performance, since bitcoin is available and most traded in the market, statistics show that most bitcoin products in circulation have little to no bitcoin. Company Information.

A report was released in December 2020 on data analytics company Glassnode trying to measure and extend the capabilities of Bitcoin products. We identify "Bitcoin holders" and divide the income into three categories: cash, illiquid and illiquid.

The report states, "Our research shows that approximately 14.5 million Bitcoins (78% of Bitcoin devices) are currently held in securities."

Bitcoin can be traded in the marketplace, but most bitcoin is owned by companies who are unwilling to sell it. In the Bitcoin community, this type of group is referred to as the "HODL" group. Its power is very strong. Many people aim to hold Bitcoin until it becomes "super-bitcoinized", that is, when it is full. By becoming a unit of account, it is possible to make more use than sales.

However, most "no-give" Bitcoin offerings are not Apple. Some of the world's largest Bitcoin miners have joined the “HODL” boom this year. For example, Canadian miner Hut 8 collected a total of 256 mined bitcoins in November. As of November 30, 2021, the miner said he owned 5,242 bitcoins.

As more people and businesses begin to realize the insufficiency of Bitcoin, the invisible FOMO (phobia) will follow. Bitcoin Magazine author Namcios believes the stock market crash could not be avoided because there were not enough Bitcoin stocks to meet the rapid growth in future demand from large companies such as funds. speculative and venture capital firms. model.