Bitcoin supply approaching 20 million: The final million will take another 114 years to mine

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin supply approaching 20 million: the final million will take another 114 years to mine Out of a fixed maximum supply of 21 million coins, more than 95% of all bitcoin that will ever exist is now in circulation. By James Van Straten | Edited by Oliver Knight Mar 3, 2026, 8:25 a.m. Make us preferred on Google BTC: Circulating Supply (Glassnode) What to know : The number of BTC in circulation is approaching the milestone of 20 million. More than 95% of all bitcoin that will ever exist is now in circulation, highlighting how advanced bitcoin is along its predetermined supply curve. At the current pace, 99% of bitcoin’s total supply will be mined by January 2035. Bitcoin BTC $ 68,105.70 is on the brink of reaching a major symbolic milestone with the issuance of its 20 millionth coin. According to the Clark Moody Dashboard , 19,996,979 BTC have been mined, leaving just roughly 3,000 BTC remaining before the 20 millionth bitcoin is reached, roughly seven days away at current issuance rates. Once that threshold is crossed, more than 95% of the fixed 21 million supply will be in circulation, with just 1 million coins left to be mined over the next century. Satoshi Nakamoto hard coded the 21 million cap into bitcoin’s protocol to create a form of money with absolute scarcity, contrasting sharply with fiat currencies that can be expanded by central banks. Although Satoshi never fully explained the specific number, the fixed limit established credibility around predictable supply. For bitcoin maximalists, the cap is foundational. Any suggestion of changing it is seen as undermining Bitcoin’s core value proposition as “hard money.” Bitcoin’s scarcity is often compared to gold or oil. But while commodity supply can respond to higher prices through increased production or new discoveries, bitcoin’s issuance cannot accelerate. Its supply curve is transparent and immutable. Issuance has slowed through halvings, which cut miner rewards roughly every four years, pushing inflation below 1%, with about 450 BTC mined daily. At this pace, 99% of supply will be mined by January 2035. The final full bitcoin is expected around 2105, with fractional issuance continuing until about 2140. After that, miners will rely entirely on transaction fees. For supporters, the 20 million milestone reinforces bitcoin’s scarcity narrative as new supply dwindles. While for miners it underscores the long term shift toward a fee driven revenue model that will ultimately determine the network’s security and economics. Bitcoin News Issuance Inflation More For You Bitcoin climbs as BTC ETFs post one of the quarter’s biggest inflow days amid Iran volatility By Sam Reynolds 2 hours ago U.S. BTC ETFs added $458 million, suggesting institutional buyers are absorbing the weekend shock that briefly sent BTC to $63,000. What to know : Bitcoin traded near $68,000 on Tuesday as U.S. spot bitcoin ETFs drew about $458 million in one of the quarter’s strongest inflow days despite tensions with Iran. The inflows and options activity suggest institutional investors view the recent war-driven volatility as contained rather than a systemic threat to bitcoin markets. U.S. spot bitcoin ETFs added roughly $1.1 billion over three sessions last week, with BlackRock’s IBIT fund accounting for about half of those inflows. Read full story Latest Crypto News Bitcoin climbs as BTC ETFs post one of the quarter’s biggest inflow days amid Iran volatility 2 hours ago NEAR token jumps 17% after ‘Confidential Intents’ launch, outpaces privacy tokens sector 3 hours ago U.S. Senate housing bill includes CBDC ban 8 hours ago PayPay, 40% owner of Binance Japan, seeks up to $1.1 billion in Nasdaq IPO 9 hours ago Core Scientific turns lower after Q4 results disappoint 10 hours ago Australia could unlock A$24 billion in digital finance gains, is on track for just A$1 billion 12 hours ago Top Stories Bitcoin’s 5% spike higher Monday driven by short-covering, not fresh buying, says analyst 12 hours ago Vitalik Buterin unveils plan to curb Ethereum block builder centralization 13 hours ago Crypto world faces growing pressure to relent on stablecoin rewards to win bigger prize 15 hours ago Weekend warriors: How HyperLiquid became retail’s bear market playground 15 hours ago Bitcoin surges above $68,000 amid muted stock market reaction to Iran war 16 hours ago Battle for Bitcoin's soul opens as first block supporting 'clean-up' proposal is mined 15 hours ago In this article BTC BTC $ 68,105.70 ◢ 3.18 %