There are fewer than 2.5M Bitcoin (BTC) left to mine, or less than 12% of the total 21M that will ever exist. 

According to ChartBTC, there are now over 18.5M BTC in circulation, meaning there are less than 2.5M left to be mined – and 50% of those are expected to be generated within the next 4 years. 

However, the last Bitcoin isn’t likely to be mined until over a century from now, in 2140, because of the number of halvings that are due between now and then – each of which is designed to halve the number of new BTC mined. 

Halvings happen every four years, and three have happened since the BTC genesis block was created in 2009. But, with another 30 due to take place before 2140, the flow of new BTC to the network will slow to a trickle before the final block is mined. 

The Bitcoin network has passed 18,500,000 BTC in circulation. Less than 2,500,000 left and half of those will be mined in the next 4 years. #bitcoin pic.twitter.com/0yPo57XIaR

— ChartsBTC (@ChartsBtc) September 27, 2020

AYO.NEWS says:

With the world rapidly destabilising on what seems like every front, from economic and social, to environmental and security, and both retail and institutional demand for BTC growing, at the same time as the flow of new BTC starts to dramatically slow, is the stage being set for the long anticipated BTC bull run to $100K or more? 

Staying with Bitcoin, just last week Brazilian fund manager Hashdex and US stock exchange company Nasdaq announced the world’s first Bitcoin ETF is set to launch on the Bermuda Stock Exchange. 

‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates. 

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