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Thursday

26 November 2020

Bitcoin Shoots Past $18,000; Analysts Discuss Why | Live Bitcoin News

Bitcoin Shoots Past $18,000; Analysts Discuss Why | Live Bitcoin News


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It was decided in 2009 when it was first brought to the financial table that the currency would only have 21 million units, a limited supply.

Thus far, about 18.5 million of the 21 million units are available and ready to be traded.

Satoshi Nakamoto – the creator of bitcoin – designed the currency to be harder to mine and extract as we got closer and closer to the 21 million.

As it stands, that final bitcoin isn’t set to be mined for another 120 years or until 2140.

Thus, even though there are only 2.5 million bitcoins left to be placed in circulation, they will take some time to garner.

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