As the domestic supervision of virtual currency trading overseas platform websites became more stringent, the price of Bitcoin was also hit hard. It is reported that Bitcoin fell below the $8,000 mark again. According to reports, the global bitcoin is already running low, leaving only 4.2 million pieces for mining, which has become the final battle for miners.
January 13 marks an important milestone for Bitcoin. By the end of the day, 16.8 million bitcoins had been mined, which accounted for 80% of the total bitcoin, which means that only 4.2 million bitcoins are currently available for mining.
In his 2008 Bitcoin White Paper, Nakamoto said that according to the algorithm, the total amount of Bitcoin is 21 million, which introduces the scarcity of digitization into cryptocurrency. With such an upper limit, the more bitcoin is mined, the more scarcity there is in the market. Scarcity can create demand, which in turn makes digital currency more valuable.
Bitcoin fell sharply again yesterday, falling below the $8,000 mark. In January of this year, Bitcoin fell by a total of 30%, compared with the peak of 20,000 US dollars in December last year, has fallen by nearly 57%, reminding that investment needs to be cautious.
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