Bitcoin Mining Prediction: 99% Mined by 2035, Michael Saylor Says

Michael Saylor’s BTC Prediction

Saylor, the co-founder of MicroStrategy, stirs up the crypto space once more with his latest Bitcoin forecast.

Expounding on the topic of Bitcoin mining, Saylor anticipates that by January 2, 2035, 99% of Bitcoin will have been mined. Presently, the total supply of Bitcoin stands at 19,760,384 BTC, accounting for 94.10% of the maximum 21 million BTC that can ever exist.

Implications of Saylor’s Prediction

Accelerated Mining Activity

Saylor’s prediction suggests a surge in Bitcoin mining over the next decade, marking a substantial increase in the proportion of Bitcoin’s maximum supply that will be mined.

Market Impact

If Saylor’s estimates hold true, Bitcoin’s total supply will reach 99% circulation earlier than previously projected. This development could potentially drive up the value of Bitcoin as scarcity increases due to the dwindling supply of the remaining 1%.

Bitcoin Price Update

Current Market Performance

Bitcoin recently hit a peak of $66,550, representing the highest level since August. Despite a slight dip, BTC remains resilient at $65,636, marking a 0.09% increase in the last 24 hours.

September Rally

September has proven to be a fruitful month for Bitcoin, with a notable 11.31% surge in value. This positive trend, historically, bodes well for the digital asset, sparking optimism for potentially greater gains in the final quarter of the year.

Analyst Insights

Cryptocurrency expert Ali Martinez points out that a positive September typically sets the stage for a strong performance in the following months, hinting at a promising outlook for Bitcoin investors.