What makes BTC increase in circulation

[Flow-er]

The cryptocurrency world is amassing potentials and it's gaining traction everyday. The numbers of people that are buying the cryptocurrencies are getting increased. The financial investors are starting to put their money in cryptocurrency, simply because they wanted to make money from the crypto market. The opportunities in the cryptocurrency space is so enormous that many is yearning to put their monies on it. We have seen many investors move large amount of money into the purchase of cryptocurrencies. The whales and institutional investors are the real market movers. The numbers of holders are increasing gradually and exponentially at an alarming rate.

It was discovered that the BTC balance as increased tremendously. This showed the level of acceptance of BTC and it accounted for the surge that was seen recently. This Will increase the power of the bulls and will make them overcome the bears in the tug of war. The bulls would push the price due to the significant amount of the BTC that was bought. It was reported that 2.8 million BTC is in circulation at the moment. It was discovered that the whales are accumulating the BTC inorder to take advantage of the dipnin anticipation for a rise in the future.

 

[Jasz]

The BTC currency increase in circulation is managed and controlled by the bitcoin algorithm itself. The algorithm makes it so that only a certain amount of bitcoins are created each year, and that amount decreases over time.

The decrease in production rate over time ensures that the currency will not be affected by inflation, and so users will be able to continue using the currency without worrying about it losing value.
In order to make sure that the currency remains stable, however, there are incentives for miners to continue producing bitcoins even after the limit has been reached. This is done through transaction fees, which are designed to reward miners for their work.

The number of bitcoins that can be mined is limited to 21 million. When the first bitcoins were mined, they were mined by individuals using computer processors. As time has gone on, more and more specialized technology has been developed to mine for bitcoins, including graphic cards and ASIC chips for miners. The newest technology for mining is ASICs—Application-specific Integrated Circuits. These chips are custom-designed to mine bitcoins.

The number of bitcoins in circulation at any given time is the only thing that affects their market price. Individuals who want to sell their bitcoin will do so at market prices.

 

[Finger Geek]

It should not be a surprise that bitcoin circulation is increasing. In recent time there are many news that we are hearing about bitcoin. This news alone are enough to see the circulation of bitcoin to increase and make it popular. During this war that is between Russia and Ukraine. Bitcoin and etherium has been the only way to get donations to finance Ukraine. With this. Many people that have been having wrong view of bitcoin have now seen that bitcoin is a currency that can do many things including helping Ukraine government to receive donations which would not have possible if they have relied on there bank that are now been closed due to the war.

Many whales have seen a brighter future in bitcoin so they have been buying lots of bitcoin and hodl them in a wallet. This also been heard in news will make many people to want to transacts and sell there bitcoin as there is fear that the price of bitcoin might go down.

Ukraine government that has gotten lots of bitcoin from donations also will want to pay for some bills with the coin because bitcoin gotten from donations is not meant for the country to hodl. All this will make bitcoin circulation to increase.

 

[Flow-er]

The BTC currency increase in circulation is managed and controlled by the bitcoin algorithm itself. The algorithm makes it so that only a certain amount of bitcoins are created each year, and that amount decreases over time.

The decrease in production rate over time ensures that the currency will not be affected by inflation, and so users will be able to continue using the currency without worrying about it losing value.
In order to make sure that the currency remains stable, however, there are incentives for miners to continue producing bitcoins even after the limit has been reached. This is done through transaction fees, which are designed to reward miners for their work.

The number of bitcoins that can be mined is limited to 21 million. When the first bitcoins were mined, they were mined by individuals using computer processors. As time has gone on, more and more specialized technology has been developed to mine for bitcoins, including graphic cards and ASIC chips for miners. The newest technology for mining is ASICs—Application-specific Integrated Circuits. These chips are custom-designed to mine bitcoins.

The number of bitcoins in circulation at any given time is the only thing that affects their market price. Individuals who want to sell their bitcoin will do so at market prices.

You are very correct with the analysis that you have dished out . The algorithm was calculated to make certain amount of btc per year and from the statistics at my disposal,, the amount of bitcoin left to be produced is about 10%. This means that the amount of bitcoin that will be produced is reducing gradually. This actually accounted for the difficulties encountered during the mining process. The mining rate as reduced drastically.

 

[Lens1000]

The number of individuals, institutions and countries that are accepting cryptocurrencies is gradually increasing everyday and that's basically the best way to make Bitcoin surge. The coin would surge more whales buy large number of the bitcoin. The recent news made it clear that bitcoin would only surge if it was bought by institutional whales. The price of bitcoin increased tremendously when Tesla accepts bitcoin as payment option.