There are now 18,570,456 BTCs in circulation, meaning that there are just 2,429,544 Bitcoins left to be mined.
Data retrieved from Coinmarketcap disclosed this.
READ: Satoshi Nakamoto’s unspent BTCs worth $10.9 billion
- This means that there are less than 2,429,544 BTCs left, or about 11% of the total Bitcoin to be created.
- Taking into consideration that new BTCs are halved every 4 years, the last BTC is not expected to be mined until 2140. No new Bitcoin can be mined after that year.
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Recall some months ago, Nairametrics wrote on how Bitcoin was becoming scarce, as about 60% of BTCs in circulation (18.5 million BTCs) were held by business entities or individuals that had never sold more than 25% of BTCs that they had been holding as long-term investments.
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What you should know
- Only 21 million BTCs are ever going to be produced in total, and presently, there are about 18,570,456 million BTCs in circulation. This shows a differential of about 2.4 million BTCs that are left to be produced.
READ: Bitcoin is scarce as entities, individuals hold for long term
Chainalysis, a crypto analytic firm, wrote a report explaining how most BTCs are held by those who treat them as digital gold, stating:
- “This digital gold is supported by an active trading market for those who prefer to buy and sell frequently. The 3.5 million Bitcoins used for trading supply in the market and in interaction with the level of demand, determines the price. With more people looking to trade Bitcoin, which is now only becoming scarcer following the recent halving.”
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Meanwhile, the number of individuals owning at least one Bitcoin just reached an all-time high, indicating that more investors are getting into the flagship crypto market at unprecedented levels.
- The number of addresses holding at least one Bitcoin just reached an all-time high of 826,363.
READ: World richest man, Jeff Bezos holds 5% of his wealth in cash
Metric Description: The number of unique addresses holding at least 1 coin.
📈 #Bitcoin $BTC Number of Addresses Holding 1+ coins just reached an ATH of 826,363
Previous ATH of 826,345 was observed earlier today
View metric:https://t.co/s7tx1xxyz3 pic.twitter.com/Y7Uci4oBy5
— glassnode alerts (@glassnodealerts) December 13, 2020
READ: How investors make money from Bitcoin without owning crypto
We must also consider that millions of BTC have been permanently lost