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Bitcoin network mines 20 million BTC with 1 million left to mine
The Bitcoin network has reached a major milestone, with the total number of mined coins surpassing 20 million BTC. This means that roughly 1 million BTC remain to be mined, which will gradually enter circulation over the next century.
At current rates, about 450 BTC are mined each day. The issuance of new coins regularly declines due to the Bitcoin halving, which roughly every four years cuts miner rewards in half. The final Bitcoin is expected to be mined around 2140, Cointelegraph reported.
Industry representatives say one of Bitcoin’s key features is its predictable issuance model. Elektron Energy CEO Raphael Zagury said the transparency of Bitcoin’s supply is unprecedented because the issuance schedule is known decades in advance. According to him, people tend to value predictable rules, especially when it comes to money.
Market reaction
Some market participants view the milestone as a signal of increasing scarcity. Energy Co managing partner David Eng said in a post on X that the market may soon experience something new — a global asset with almost no new supply left.However, not all analysts believe the milestone will have an immediate impact on Bitcoin’s price. Capriole Investments founder Charles Edwards said the market has long known Bitcoin’s supply growth rate, meaning the milestone is already priced in and is unlikely to have a significant short-term effect.
Zagury also noted that macroeconomic conditions and market liquidity are likely to have a stronger influence on Bitcoin’s price in the near term than the symbolic supply milestone.
Why Bitcoin’s limited supply matters
Bitcoin’s model includes a hard cap of 21 million coins, making it one of the few monetary systems with a strictly limited supply. Because of this characteristic, Bitcoin is often compared to digital gold. Unlike gold, however, the creation of new Bitcoin is governed entirely by code and can be predicted decades into the future.Some analysts note that the mining of the 20 millionth coin alone is unlikely to significantly affect Bitcoin’s price in the short term, since the market already understands the asset’s issuance schedule. Over the long term, however, the combination of limited supply and predictable monetary policy remains one of the strongest arguments for Bitcoin as a potential store of value.
Earlier we reported that Strategy continues to accumulate Bitcoin.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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