Yesterday, april 26th 2018, the 17 millionth Bitcoin was mined. It's somehow a bitcoin aniversary. Only 4 million to go, 80% of total supply.
https://livecoins.com.br/wp-content/uploads/2018/04/coinmarketcap.pngBitcoin is still a inflationary currency. According to
BashCo.github.io we have now 3,8% inflation rate per year, as the block reward is still 12.5 BTC per block. By 2021, according to bitcoin wiki and BashCo, inflation rate will drop to 1,7% as reward will drop to 6.25
https://livecoins.com.br/wp-content/uploads/2018/04/newplot.jpgSource:
https://BashCo.github.ioAccording to
Statista, global inflation rate is 3,15%, which is
lower than bitcoin inflation rate now.
Let's wait to see the impact on price when bitcoin has a low inflation rate, below global inflation rate.
By 2021 bitcoin will have 1,7%, and by 2025 0,8%.
I will be holding until then.
source (portuguese):
https://livecoins.com.br/17m-bitcoins-minerados-inflacao-mundial/I'm really looking forward to when the bitcoin mining fee will halve, that should boost the price higher in my opinion, as mining expenses are good mirror of the actual market price
