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Size of the Bitcoin Blockchain 2009-2024 | Statesman
The size of the Bitcoin blockchain was close to reaching 5450 gigabytes in 2024, as the database experienced exponential growth of almost a gigabyte every few days. The Bitcoin blockchain contains a growing, tamper-proof list of all Bitcoin transactions and records since its initial release in January 2009. Bitcoin has a fixed limit of 21 million coinsthe last of which will be mined around 2140, according to a prediction made in 2017.
Bitcoin Mining: a somewhat unexplored world
Despite the interest in the topic, there is little precise data on the extent of Bitcoin mining country by country. Bitcoin’s design philosophy is at the heart of all of this. Created in protest against governments and central banks, the Bitcoin blockchain effectively hides both the country of origin and destination within a (mining) transaction. IP address research has placed the United States as the country with the most Bitcoin mining in the world in 2022, but the source admits that IP addresses can be easily manipulated using VPN. Please note that mining data is different from Bitcoin trading data: Africa and Latin America were more interested in buying and selling BTC compared to some of the world’s developed economies.
Bitcoin developments
Bitcoin trading volume slowed in the second quarter of 2023, after hitting notable growth earlier in the year. The coin has outperformed most of the market. Some attribute this to the June 203 announcement that BlackRock filed for a Bitcoin ETF. This iShares Bitcoin Trust was supposed to use Coinbase Custody as its custodian. Regulators in the United States have not yet approved any applications for spot Bitcoin ETFs.