What was the quantity of bitcoins in 2017?
mllearner2023Dec 30, 2021 · 3 years ago3 answers
Can you tell me the total number of bitcoins that were in circulation in the year 2017? I'm curious to know the exact quantity during that time.
3 answers
- Dec 30, 2021 · 3 years agoIn 2017, the total number of bitcoins in circulation reached approximately 16.8 million. This number represents the total supply of bitcoins that were mined and available for trading during that year. It's important to note that the maximum supply of bitcoins is capped at 21 million, and the remaining bitcoins will be gradually released through mining rewards until the year 2140.
- Dec 30, 2021 · 3 years agoBack in 2017, there were around 16.8 million bitcoins floating around. That's a pretty hefty number, considering the fact that the maximum supply is set at 21 million. It's crazy to think that there are only a few million bitcoins left to be mined. The scarcity of bitcoins is one of the factors that contribute to its value and popularity.
- Dec 30, 2021 · 3 years agoAccording to historical data, the total number of bitcoins in circulation in 2017 was approximately 16.8 million. This figure represents the cumulative amount of bitcoins that were mined and traded up until that year. It's worth mentioning that the exact number may vary slightly due to factors such as lost or inaccessible bitcoins. Nonetheless, it gives us a good estimate of the quantity of bitcoins in circulation during that time.
Related Tags
Hot Questions
- 93
What is the future of blockchain technology?
- 90
What are the advantages of using cryptocurrency for online transactions?
- 84
Are there any special tax rules for crypto investors?
- 77
How can I protect my digital assets from hackers?
- 76
What are the tax implications of using cryptocurrency?
- 76
How can I buy Bitcoin with a credit card?
- 69
What are the best practices for reporting cryptocurrency on my taxes?
- 34
What are the best digital currencies to invest in right now?