According to data monitoring resource Blockchain, the total Bitcoin supply reached 18 million.
However, the remaining three million BTC will take miners incredible 120 years to produce, which implies that BTC mining could end in the year 2140.
Bitcoin entered the market in 2009 and so far, 86% of the overall 21 million is mined.
Earlier reports revealed that even after the end of the BTC mining phase, only around 75% of the cryptocurrency will be available. This is because a big chunk of the BTC circulating supply is already lost. Based on the methodology, research reveals that the coins already lost constitute nearly 20% of the supply.
Additionally, some of the coins will probably never move, namely the initial block rewards of above 900,000 coins held in addresses belonging to the earliest miners and to Satoshi Nakamoto himself.
Or maybe they will move one day, let´s wait for it, the future will be exciting 😉
If you are not yet in crypto, or you would like to try it, check out also our review of best crypto exchanges. When you register using our links, you support us a little and you will get really nice benefits.
Bitcoin and altcoins are likely to explode soon or later and it is good to be prepared.