90% of Bitcoin's Supply Cap Has Been Issued, Miners Have 119 Years Left to Mine BTC

in Steem Links3 years ago

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On December 12, crypto advocates celebrated the fact that 90% of the 21 million bitcoins that will ever exist have been mined into circulation. Currently, Bitcoin’s inflation rate per annum is around 1.88%, which is lower than the central banks’ traditional 2% target reference. Furthermore, in 875 days, the network’s inflation rate is expected to drop to 1.1% after 19.98 million bitcoins have been mined.
90% of Bitcoin's Supply Cap Has Been Issued, Miners Have 119 Years Left to Mine BTC