The Bitcoin protocol dictates a fixed supply of 21 million BTC. The mining reward, the method of creating new Bitcoins, decreases over time.
Table of contents
Circulating Supply
Understanding the Numbers
Circulating supply refers to Bitcoins mined and available on the network. Our data includes:
- The amount of BTC already mined.
- The remaining BTC yet to be mined.
Bitcoin Halving
The Bitcoin reward halves every 210,000 blocks, or approximately every four years. This reduces the rate at which new coins are introduced.
Scarcity and Lost Coins
The fixed supply and the number of lost coins contribute to Bitcoin’s scarcity.
Current State
As of now, a substantial portion of the 21 million BTC is already in circulation.
This limited supply is a key feature that distinguishes Bitcoin from traditional fiat currencies, which can be subject to inflation through the printing of more money.
The Future of Bitcoin Circulation
As mining rewards continue to decrease with each halving event, the rate at which new Bitcoins enter circulation will slow down. This increasing scarcity could potentially impact its value and adoption over time.
Monitoring Bitcoin Supply
Various online resources provide up-to-date information on the circulating supply of Bitcoin, allowing anyone to track its progress towards the 21 million limit.
The finite nature of Bitcoin’s supply, with the vast majority already in circulation, is a fundamental aspect of its design and a significant factor in its perceived value. Keep an eye on the remaining Bitcoins to be mined and the impact of halving events on the cryptocurrency landscape.
Now, a question to you. What impact do you think the limited supply of Bitcoin will have on the global economy in the future?
