With only 21 million Bitcoin (BTC) issued, there are still slightly less than 2.5 million BTC.
In a tweet, ChartBTC stated that the Bitcoin traded network has already crossed 18.5 million BTC brands. This means there are less than 2.5 million BTC remaining, or about 11.9% of the total amount of bitcoins generated.
ChartBTC indicated that half of the remaining 2.5 million BTC will be mined over the next four years. Since the block’s inception in 2009, the Bitcoin network has halved three times, with the third contraction occurring in May this year. As the issuance of new currencies halves every four years, it is expected that the last bitcoin will not be mined until 2140. After this year, it will not be possible to extract any new Bitcoin.
As Cointelegraph previously reported, a group of eight Crypto Valley experts believe the recent cut was half a thing of the past, as more people are considering saving their BTC savings.
Institutional demand for bitcoin has been growing steadily since the start of 2020. New survey data shows that institutional investors intend to increase the size of their bitcoins regardless of lower prices in the short term. Thanks to investments in MicroStrategy, the world’s largest government fund now has 577.6 BTC.