Bitcoin, the most popular digital asset, passed a significant milestone yesterday when 19 million coins were mined. This means that there are only two million coins left for anyone who wants to acquire a piece of the asset.
Reactions from the Crypto Community
Several members of the Bitcoin community were quick to congratulate the milestone achievement while also emphasizing its importance.
Only two million Bitcoins remain to be mined, according to Kryptovault's CEO, Kjetil Hove Pettersen. He went on to say that, while many may think this is a tiny quantity, he believes the remaining units may represent the best of the mining days to come.
Another member of the Twitter community speculated that mining the remaining numbers of the coin will take the next 100 years.
It's not a lot, considering the last bitcoin is expected to be mined around the year 2140.
Others took advantage of the chance to ponder the currency's recent ascent and how scarce the asset would become.
While there's no doubt that the Bitcoin community is seeing a watershed moment in the mining industry, one can't help but wonder what comes next for the coin following this great achievement.
The first point to note is that while Bitcoin took 13 years to mine 19 million units, the remaining 2 million units will not be mined for at least another 100 years, indicating how scarce the money will become.