Bitcoin’s mined supply crosses 95% of 21 million cap with more than a century of issuance left
Bitcoin's mined supply has surpassed 95% of its 21 million cap, with the remaining 5% expected to be mined around the year 2140.Summary
On Monday, the mined supply of Bitcoin surpassed 19.95 million BTC, reaching 95% of the fixed 21 million cap, leaving less than 1.05 million BTC to be issued through block subsidies. Bitcoin's supply schedule is programmed to slow via halvings, which occur roughly every four years, cutting the block subsidy reward in half. The most recent halving on April 20, 2024, reduced the reward from 6.25 BTC to 3.125 BTC per block. While the vast majority of the supply is issued, the final fractions are expected to be mined around the year 2140, approximately 115 years from now. This controlled, declining issuance is central to Bitcoin's design, flattening the supply curve and forcing miners to increasingly rely on transaction fees. Kraken Global Economist Thomas Perfumo noted that this programmable scarcity distinguishes Bitcoin from traditional monetary systems, positioning it as a long-term store of value and a hedge against fiat debasement.
(Source：The Block)