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The law of supply and demand is an economic model used to determine the price of an asset in a market. This law of supply and demand will therefore lead to an economic equilibrium for the price of an asset as well as the volume of trade. An existing asset in limited quantity for which demand would be strong would necessarily see its price increase if we stick to this law. Indeed, strong demand from buyers would allow sellers to sell at a higher price. Bitcoin Block Reward Halving Countdown Reward-Drop ETA date: 12 May 2020 08:51:29 The Bitcoin block mining reward halves every 210,000 blocks, the coin reward will decrease from 12.5 to 6.25 coins. Total Bitcoins in circulation: 18,219,288 Total Bitcoins to ever be produced: 21,000,000 Percentage of total Bitcoins mined: 86.76% Total Bitcoins left to mine: 2,780,713 Total Bitcoins left to mine until next blockhalf: 155,713 Bitcoin price (USD): $9,894.90 Market capitalization (USD): $180,278,027,883.75 Bitcoins generated per day: 1,800 Bitcoin inflation rate per annum: 3.67% Bitcoin inflation rate per annum at next block halving event: 1.80% Bitcoin inflation per day (USD): $17,810,820 Bitcoin inflation until next blockhalf event based on current price (USD): $1,540,759,616 Total blocks: 617,543 Blocks until mining reward is halved: 12,457 Total number of block reward halvings: 2 Approximate block generation time: 10.00 minutes Approximate blocks generated per day: 144 Difficulty: 15,546,745,765,529 Hash rate: 112.90 Exahashes/s