94% of Bitcoin Maximum Supply Has Been Issued

Bittime - The latest data shows that as much as 94% of the total Bitcoin supply has been officially issued. That way, there are around 19,741,655.49 BTC already circulating on the market, while the remaining amount that still needs to be issued is around 1,258,128.10 BTC.

Bitcoin Maximum Supply

Source: Twitter.com/BitcoinMagazine 

The number of Bitcoins currently in circulation indicates that Bitcoin has almost reached the maximum Bitcoin supply limit, namely 21 million BTC. The 94% figure indicates that fewer Bitcoins will be available for mining.  

Bitcoin was designed with the concept of scarcity by its creator, Satoshi Nakamoto, so that it has a fixed maximum supply. This makes Bitcoin a scarce asset and a potential long-term store of value.  

Mining Bitcoin

With only 1,258,128.10 BTC remaining yet to be issued, the Bitcoin mining process is becoming increasingly difficult and requires more computing power. The number of Bitcoins issued as block rewards also continues to decrease every 4 years through Bitcoin halving.

Read Also: Russia Legalizes Bitcoin Mining and International Trading Using Crypto 

Unspendable Bitcoin

Apart from Bitcoin in circulation, there is also a small amount of Bitcoin that cannot be spent or known as "unspendable Bitcoin". Currently, the amount of Bitcoin that falls into this category is around 219.51 BTC. 

Bitcoins that cannot be spent can be caused by several things, such as the owner losing the private key, or a technical error that makes the Bitcoins no longer accessible.

Losing access to Bitcoin means that BTC can no longer be used, which also indirectly reduces the amount of Bitcoin actually circulating and available on the market.

The Future of Bitcoin 

With only about 6% of the total supply remaining unissued, analysts and market participants are starting to speculate on Bitcoin's future. Many believe that the price of Bitcoin will continue to rise as it gets closer to its maximum issuance limit, mainly due to increasing scarcity.

However, there are also concerns that the decreasing number of newly issued Bitcoins could lead to reduced incentives for miners to continue maintaining the network. 

If block rewards become too small, miners may switch to other, more profitable blockchains, or even stop mining operations entirely.

Read Also: Marathon Digital Marks Every Bitcoin Block “Made in USA”

How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor graphic movement price Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.