#XmasCryptoMiracles
The total supply of bitcoin has surpassed the mark of 19.8 million coins, indicating that the first and foremost cryptocurrency is approaching its maximum supply limit of 21 million BTC.
The supply mechanism of bitcoin has always been one of its defining features, as the limited issuance creates scarcity. To date, over 94% of all BTC has been mined, and in the coming years, less than 1.2 million BTC will remain to be generated. According to mathematical protocols, this will occur in the year 2140.
According to timechainindex.com, individual holders, institutional investors, and governments collectively own the majority of existing bitcoins.
Among them, long-term holders or "hodlers" stand out, having maintained their positions during the volatility of the cryptocurrency, which underscores their strong belief in the value proposition of cryptocurrency.