On December 13, 2021, 90% of the total Bitcoin supply was mined.
It took 12 years for 18.899 million units of the main digital currency on the market to be extracted. However, the remaining 10% should take around 100 years to enter into circulation.
From 90% already in circulation, about 3.7 million Bitcoins are reported as "lost", due to users losing their password or the death of the holders.
Do you think it will be now that Bitcoin starts to appreciate even more?
What are your prospects for the next few years with regard to Bitcoin?
That's the scarcity model on which bitcoin is based. As the time goes by, the bitcoin will start becoming more and more scarce. So whatever little amount of bitcoin we hold, might get you an expensive laptop today but probably a Lamborghini can be purchased using the same unit of bitcoins 20 years down the line.
The demand of bitcoin is robust around the world. The popularity is gradually increasing day by day which us correlated to demand. So more demand and diminishing supply, will push its price. This is a simple explanation.