Still have doubts or questions?
As you probably know, bitcoin is unique for 2 main reasons. First, its creator Satoshi Nakamoto set a limit of maximum bitcoins that can be created - 21 mln.
Second, its particular characteristic, called halving, which is every 4 years the number of bitcoins that can be mined will be reduced for 2 times, meaning that the difficulty of bitcoin mining will increase, which will result to bitcoin price huge growth, based on supply-demand economic model.
You can see the halving and the price growth from InsiderPRO in the left picture.
At the moment the first halving happened, the price of 1 Bitcoin was $12,22, and after it, the price reached $1000, increasing for almost 100 times.
After the first halving, there was mined 25 BTC in every 10 minutes, and during that period (01.03.09-11.28.2012) there were mined 5 250 000 BTCs and 50 BTCs every 10 minutes.
At the moment of the second halving, the price of 1 Bitcoin was $957,61, and after it, the price reached almost $20 000, increasing for more than 20 times.
After the second halving, there have been mined and it still keeps mining 12,5 BTC in every 10 minutes. From 07.09.2016 to 2020, there will be mined 2 625 000 Bitcoins.
It is expected that at the moment the third halving appears, the price of 1 BTC will be $20 000 and after it the expected price will reach approximately $45 000 - $75 000, if the market triples in its value.
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