Time to buy Bitcoin

At 08:04 on October 19th, Beijing time, the BTC block height reached 600 000, the 18 millionth Bitcoin(BTC)has been mined. The current circulation supply of BTC is 18 000 888, which is more than 85% of the BTC volume.

It seems that even by the end of BTC mining in the future (21 million all dug out), but the actual circulation of BTC is unlikely to exceed 75%, because some BTC has become "dead money" for various reasons (lost private key, etc.) and can never be used again.

According to different calculation methods, the researchers believe that these lost coins account for about 20% of the supply.

This means that only 15 million people are likely to own a full Bitcoin at most, and the number of users who will be able to own one bitcoin in the future will be even smaller because of the Bitcoin Whale.

In May next year, Bitcoin is going to experience a new halving event that would reduce the new issuance of BTC by 50%. From the perspective of price supply and demand theory, the BTC halving breaks the current balance between supply and demand, bringing the supply to half, plus the year-end. The continuous entry of the organization, the increasing demand for BTC, makes the overall market bullish sentiment.

Considering that the previous two halvings of the BTC brought a good uptrend, as the halving is getting closer, the possibility of the market exceeding expectations is greater...

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