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            <title><![CDATA[35 Years, for the Last Bitcoin]]></title>
            <link>https://paragraph.com/@zhanghuasui/35-years,-for-the-last-bitcoin</link>
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            <pubDate>Wed, 18 Dec 2024 05:22:54 GMT</pubDate>
            <description><![CDATA[Over the past week, Bitcoin has surpassed $100,000 per coin, making people wonder if this digital asset has become unattainable. But did you know that mining the very last of the 21 million Bitcoins will take humanity a full 35 years? The significance of this final Bitcoin has far transcended the realm of digital assets.35 Years, for the Last BitcoinAccording to Bitcoin’s system code, the halving mechanism reduces Bitcoin issuance every four years and will completely stop new issuance by 2140...]]></description>
            <content:encoded><![CDATA[<p><strong>Over the past week, Bitcoin has surpassed $100,000 per coin, making people wonder if this digital asset has become unattainable. But did you know that mining the very last of the 21 million Bitcoins will take humanity a full 35 years? The significance of this final Bitcoin has far transcended the realm of digital assets.</strong></p><div class="relative header-and-anchor"><h3 id="h-35-years-for-the-last-bitcoin"><strong>35 Years, for the Last Bitcoin</strong></h3></div><p>According to Bitcoin’s system code, the halving mechanism reduces Bitcoin issuance every four years and will completely stop new issuance by 2140. Starting from the next halving (estimated in 2104), the production of Bitcoin in the following decades will shrink from 298 Bitcoins per block to mere fractions of a single Bitcoin. By the time mining halts, the cumulative block rewards for these years will total only about 1.24 Bitcoins.</p><p>This means future miners will need to invest decades and bear enormous computational costs just to extract the last Bitcoin. With such extreme scarcity, its value can only be imagined.</p><hr><div class="relative header-and-anchor"><h3 id="h-a-showdown-of-computing-power"><strong>A Showdown of Computing Power</strong></h3></div><p>Currently, Bitcoin’s total network hash rate has reached an astonishing 800 EH/s, equivalent to the combined power of 5 million of the world’s most advanced supercomputers. To ensure the security of the Bitcoin network, this level of computational power has already pushed the limits of human technological capability. This immense and insurmountable energy expenditure has made Bitcoin the most secure asset on Earth.</p><p>Four years ago, Bitcoin’s total network hash rate was only 100 EH/s; today, its growth far outpaces the improvement in global supercomputing performance. This not only demonstrates the strength of the Bitcoin network but also highlights its unparalleled security.</p><hr><div class="relative header-and-anchor"><h3 id="h-is-bitcoin-expensive-today"><strong>Is Bitcoin Expensive Today?</strong></h3></div><p>From security and scarcity to technological sophistication, Bitcoin has become a truly unique store of value. Yet, have you realized that the final Bitcoin, which will require 35 years of computational effort to mine, is no different from the Bitcoin priced at just $100,000 today?</p><p>One hundred thousand dollars for one of the world’s most scarce and secure assets—could this be the perfect trade?</p><p>The future of Bitcoin may far exceed our imagination. At this very moment, Bitcoin might just be the ultimate representation of a historical value opportunity.</p>]]></content:encoded>
            <author>zhanghuasui@newsletter.paragraph.com (Huasui)</author>
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