Some recent moments in Bitcoin history we’ll want to remember:
- March 15, 2018: The Lightning Network goes live on Bitcoin mainnet.
- February 19, 2021: Bitcoin hits $1 trillion in market cap for the first time.
- August 18, 2021: Lightning Network reaches 2,300 BTC in total capacity.
- September 7, 2021: El Salvador adopts Bitcoin as legal tender.
- October 19, 2021: First US-based ETF launches.
- October 3, 2022: Bitcoin hash rate hits an all time high of 242 EH/s.
Where are we in terms of Bitcoin mined?
- 21,00,000 bitcoins will be created.
- 19,170,206 have been mined (as we write this).
- 900 new BTC per day are released.
- 91.287% of total BTC have been mined.
- 1,829,793 are left to be mined.
- Early 2024 is estimated to be the next halving cycle date which will cut the BTC mined per day to 450.
What could be next in the history books?
- Taro: This potential protocol upgrade can transform Bitcoin into a multi-asset network with new use cases.
- The halving: What are the potential impacts of the next Bitcoin halving? In the past, halving events were followed by gradual and significant price increases within two years, due to reduced new supply.
- Well, nothing: Bitcoin’s supply is perfectly predictable through code which is open source. Nothing will really change, and that’s a good thing.