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The biggest Bitcoin news today features the mining of the historic 888,888th block. This achievement is significant because it is the longest block in Bitcoin’s 15-year history.
As noted by Crypto Patel, an on-chain analyst, in an update on X, this marks the last all-8s block for the next 150 years.
Rare Numerical Event in Bitcoin’s History
This implies that none of the Bitcoin investors currently trading the digital asset will witness an all-eight block again.
The 888,888 block mining occurred at exactly 9:21 a.m. on March 22, 2025, and was mined by ANTPOOL amid the growing difficulty of mining.
This places Bitcoin’s supply at approximately 19.84 million, a notable 94.47% of the 21 million BTC total supply.
This development highlights the significance of the block just mined as the world’s leading digital asset progresses towards one million blocks.
Bitcoin stakeholders consider the one millionth block another huge milestone to look forward to as it emphasizes its longevity and resilience.
Many might not recall when the first Bitcoin block, referred to as “Block 0 or Genesis Block,” was mined on January 3, 2009.
However, the blockchain has continued functioning as miners proceeded with their tasks.
Some market participants anticipate that the one million hype might trigger the next bullish rally for Bitcoin.
A remarkable thing about this block growth is that it reinforces the decentralized nature of Bitcoin in the crypto sector.
Experts maintain that Bitcoin solidifies its position as the world’s most secure and decentralized financial network with every block mined.
Bitcoin News and Growth Trajectory
Interestingly, despite its huge success as the only digital asset to flip $100,000, Bitcoin had humble beginnings like most altcoins today.
Bitcoin, invented in 2008 by the pseudonymous developer Satoshi Nakamoto, became accessible to the public in 2009.
This accessibility follows the release of its open-source implementation. BTC’s value was less than $0.01 about a year after it launched in the digital market.
The low value allowed some early adopters, like Michael Brown, to acquire 370,000 BTC in 2010.
However, some 15 years later, Bitcoin hit an all-time high (ATH) of $109,114.88, the only digital asset with so much value.
Some analysts attribute the success of Bitcoin to Nakamoto’s ingenuity in creating an ecosystem that runs autonomously.
For instance, miners’ rewards have been programmed to decline progressively every four years.
Notably, in 2009, the block reward was 50 BTC. When the third halving event occurred on May 11, 2020, the reward dropped to 6.25 BTC.
This further saw a trim down to 3.125 BTC by April last year when the fourth halving occurred.
Analysts consider this system to ensure the blockchain’s seamless operation and prevent any controversies about rewards for miners.
Scarcity and Bitcoin’s Future Price
Unlike some other digital assets, the supply of Bitcoin is limited to 21 million BTC. This finite supply creates the value associated with Bitcoin, as the asset thrives on scarcity.
Financial experts maintain that with only 21 million BTC in circulation, Bitcoin’s value would record a staggering increase over time.
Some Bitcoin holders, like Jack Dorsey, former CEO of X, have made bold predictions about the price of BTC. According to Dorsey, Bitcoin can trade at $1 million by 2030.
As of this writing, Bitcoin price was changing hands at $84,195.90, a 0.58% increase in the last 24 hours.
How the leading digital asset could journey to $1 million remains a development that time will reveal.
