Bitcoin reaches 19.8M mined units, leaving fewer than 1.2M coins to hit its 21M cap.
Fixed supply and halving cycles drive Bitcoin’s scarcity, shaping its long-term value.
Virgin bitcoins gain rarity as new emissions slow, enhancing their desirability and value.
On Christmas Eve 2024, Bitcoin achieved a notable milestone by reaching 19.8 million mined units. This leaves fewer than 1.2 million bitcoins left to be mined before the total supply cap of 21 million is reached. This event marks a key point in Bitcoin’s journey, with the remaining coins expected to be mined over the next century or more.
Bitcoin’s Emission Schedule and the 2140 Supply End
With Bitcoin’s emission schedule, the final fraction of its supply won’t be unlocked until 2140, making this the last era of Bitcoin’s inflationary phase. The question now arises: Will the supply cap be removed, and if so, what would that mean for Bitcoin’s future?
Bitcoin’s supply model is designed to be deflationary, with its total supply capped at 21 million coins. The emission rate, or the amount of new bitcoins mined, drops by 50% roughly every four years in an event known as the “halving.” …
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