What is the projected date for Bitcoin to hit the 21 million coin limit?

3 answers

• Nov 24, 2021 · 3 years ago
  As an expert in the field, I can tell you that the projected date for Bitcoin to hit the 21 million coin limit is estimated to be around the year 2140. This is based on the current rate of block rewards halving every 210,000 blocks, which occurs approximately every four years. So, if we consider that the first block reward halving took place in 2012, it would take about 128 years to reach the limit. However, it's important to note that this is just an estimate and various factors could affect the actual timeline.
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• Nov 24, 2021 · 3 years ago
  Well, let me break it down for you. Bitcoin has a limited supply of 21 million coins, and the rate at which new coins are created is gradually decreasing. Currently, miners are rewarded with 6.25 bitcoins for each block they mine. However, this reward is halved approximately every four years. Based on this halving schedule, it is projected that the 21 million coin limit will be reached around the year 2140. So, we still have a long way to go before we reach that point.
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• Nov 24, 2021 · 3 years ago
  According to my sources, the projected date for Bitcoin to hit the 21 million coin limit is estimated to be around the year 2140. This estimation is based on the current block reward halving schedule, which occurs approximately every four years. As each halving reduces the number of new bitcoins entering circulation, it will take several more halvings to reach the maximum supply of 21 million coins. So, it's safe to say that we won't see the limit being reached anytime soon.
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