On Friday, April 1, miners mined the 19th millionth Bitcoin. This event took place on block 730,002.
As of this writing, 90.48% of the total digital gold issue, which is limited to 21 million BTC, has been mined.
According to the algorithm laid down by Satoshi Nakamoto, the reward is reduced by 50% every 210,000 blocks. The next halving is expected in 2024.
The 18 millionth coin was mined on October 19, 2019.
Recall, VanEck analysts allowed the price of Bitcoin to rise to $4.8 million if it acquires the status of the world’s reserve currency.