Quick Update

17,450,000 bitcoins have been mined over the last ten years (83%).3,550,000 left to mine over the next one hundred odd years (17%).Fifteen years is enough time for any new technology to gain mainstream adoption, so if mainstream adoption is going to occour chances are it will happen within the next five years.Over the next five years only 1,971,000 bitcoins will be mined. That is only 11% of the amount of new bitcoin we have mined over the last decade.If new demand does nothing but stay the same we will see fire works due to this massive supply reduction over the next five years. If demand flows into the realm of institutional finance well, you do the math.Only 11% of the supply mixed with one hundred times the demand, that would mean 2017 was a warm up just to get you all ready for whats coming.On a serious note it blows my mind how people still dismiss this fact. They cannot grasp the idea of digital scarcity.If you told anyone with a brain that over the next five years the new supply of mined gold was going to fall by 89% compared with the last decade, and at the same time the first gold ETF is going to launch making gold available to own on traditional brokerage platforms, they would say motherfucker that sounds like the biggest investment opportunity of a lifetime. Yet thats exactly whats happening with bitcoin and the masses remain completely dismissive.Their loss is our gain. via /r/Bitcoin http://bit.ly/2Tc8Cn8