- HODL15Capital reports that 19.76 million bitcoins out of 21 million have been mined.
- Less than 6% of the total Bitcoin supply remains to be mined.
- Bitcoin scarcity increases as mining nears the 21 million cap.
- This could lead to increased competition and demand for the remaining supply.
94% of Bitcoin Supply Mined: Just 5.91% Left
The race to mine Bitcoin is nearing its end as new data from HODL15Capital reveals that over 94% of all Bitcoin has already been mined. According to their monitoring data released on September 23, 2024, a staggering 19.7579 million bitcoins out of the total 21 million have been mined, leaving only 5.91% of the original supply still available for miners to claim. With this dwindling supply, competition and demand for the remaining bitcoins are expected to intensify, impacting the market in various ways.
Scarcity of Bitcoin on the Horizon
As the Bitcoin network approaches its maximum supply of 21 million coins, the effects of Bitcoin’s programmed scarcity are becoming more apparent. Only 1.2421 million bitcoins are left to be mined, and this finite supply is part of what has made Bitcoin such an attractive asset for investors and institutions alike.
The cap on the total number of bitcoins was established by Bitcoin’s creator, Satoshi Nakamoto, as a way to limit the supply and make Bitcoin more resistant to inflation. This built-in scarcity has led to its reputation as “digital gold”—a finite resource that is increasingly difficult to acquire over time.
