Month: March 2021

Bitcoin market cap reaches $1T

Bitcoin reached a $1T market cap last month. https://www.msn.com/en-us/news/technology/bitcoin-reaches-dollar1-trillion-valuation-twice-as-fast-as-amazon/ar-BB1fF3Bl

A Bitcoin halving event is scheduled to take place every 210,000 blocks. This reduces the payoff of securing a block by half. Three Bitcoin halvings have taken place so far in 2012, 2016, 2020. The next halving is predicted to occur in 2024. The corresponding block reward went from 50btc in 2009 to 25 in ‘12, 12.5 in ‘16, 6.25 in ‘20 and 3.125 in ‘24. https://www.coinwarz.com/mining/bitcoin/halving

The rate of production of bitcoin over time is shown below. Mining will continue until 21million btc are created.