Bitcoin Will Thrive After All Coins Have Been Mined Data Now Shows [Forbes]
Bit Digital, Inc. - Ordinary Share (BTBT)
Company Research
Source: Forbes
getty Data indicates the Bitcoin Bitcoin network will remain sustainable even after the last coin is mined, thanks to evolving miner strategies, increased transaction fees, and broader adoption. With 94% of the total 21 million bitcoin supply already mined, some have concerns about the digital asset's long-term viability. However, several factors suggest the Bitcoin ecosystem will adapt and thrive. The halving schedule plays a crucial role in the timeline for mining all bitcoins. During the epoch starting in 2032, more than 99% of the bitcoin supply will have been issued. The final 1% of bitcoins will take more than 100 years to mine due to the halving mechanism As mining rewards diminish, transaction fees are poised to become the primary revenue source for miners. After all bitcoins are mined, miners will rely on transaction fees to validate and secure the network. On April 20, 2024, transaction fees peaked at 1,257.71 BTC, accounting for over 75% of miner revenue that day. Si
Show less
Read more
Impact Snapshot
Event Time:
BTBT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BTBT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BTBT alerts
High impacting Bit Digital, Inc. - Ordinary Share news events
Weekly update
A roundup of the hottest topics
BTBT
News
- Bit Digital, Inc.'s (NASDAQ:BTBT) Path To Profitability [Yahoo! Finance]Yahoo! Finance
- Bit Digital, Inc. (NASDAQ: BTBT) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $7.00 price target on the stock.MarketBeat
- Bit Digital Inc (BTBT) Q3 2024 Earnings Call Highlights: Navigating Growth Amidst Challenges [Yahoo! Finance]Yahoo! Finance
- Bit Digital, Inc. Announces Third Quarter of Fiscal Year 2024 Financial ResultsPR Newswire
- Bit Digital, Inc. Announces Date for Third Quarter 2024 Financial Results and Conference CallPR Newswire
BTBT
Earnings
- 11/18/24 - Miss
BTBT
Sec Filings
- 11/18/24 - Form 6-K
- 11/18/24 - Form 6-K
- 11/8/24 - Form SC
- BTBT's page on the SEC website