Long-term Bitcoin Holders Grow Balances as Mining Supply Decreases

Quick Summary:

Long-term Bitcoin Holders Grow Balances as Mining Supply Decreases In a significant trend within the cryptocurrency ecosystem, long-term Bitcoin holders are substantially increasing their holdings even as the mining supply of Bitcoin continues to diminish.

The reduction in Bitcoin’s mining supply is a direct consequence of the network’s halving events, which are programmed into Bitcoin’s protocol to control inflation and ensure scarcity.

As of October 2024, the mining supply of Bitcoin is decreasing, a trend that aligns with the network’s deflationary model.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Crypto News MINING

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 08:24:54 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 828 words

Reading Time: 5 minutes read

Sentences: 38 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23324424

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 27 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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Publisher ID: #121

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