Earlier this week, the 20 millionth Bitcoin was mined.
That might not sound like a big deal at first glance, but it actually marks one of the most important milestones in Bitcoin’s history.
Bitcoin’s total supply is capped at 21 million coins.
That means more than 95% of all Bitcoin that will ever exist has already been created.
There are now fewer than 1 million BTC left to mine over the next century.
And the way Bitcoin’s system works, those final coins will be released more and more slowly over time.
Bitcoin’s Supply Is Designed To Shrink
Bitcoin’s creator built scarcity directly into the system.
Every four years or so, the network goes through an event called the “halving.”
When that happens, the reward miners receive for securing the network gets cut in half.
That means new supply entering the market slows down dramatically.
Back in the early days of Bitcoin, miners earned 50 BTC per block.
Today, that reward is just 3.125 BTC.
And after the next halving cycle, it will drop again.
Why This Matters
There will never be more than 21 million BTC.
No central bank can change that.
No government can inflate it.
$BTC #Bitcoinhaving #bitcoin