The Bitcoin network has reached a massive milestone: the 20 millionth BTC has been officially mined. With its total supply permanently capped at 21 million, this moment marks a monumental step toward its permanent scarcity.
Moreover, the event highlights one of the network’s defining features: its transparency and predictability. Unlike traditional fiat currencies, which can be pretty much printed at will and indefinitely, BTC follows a very strict issuance schedule, hardcoded into its protocol. With Bitcoin, code is law, and this code cannot be changed (at least not without massive market turbulence and seismic shifts in the entire industry), and can be publicly verified by anyone interested.
Digital Scarcity, but at a New Level
Data from BiTBO shows that 95.2% of Bitcoin’s total supply, representing exactly 20,000,018.75 BTC, has been mined at the time of this writing.
Source: BiTBO
The remaining one million coins will be increasingly difficult to mine because of how the network
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