Bitcoin Nears Major Scarcity Milestone With 95% of Supply Already Mined
Analysis
Price Impact
MedThe milestone of 95% of bitcoin supply mined reinforces the scarcity narrative. while not an immediate catalyst for a massive price surge, it strengthens bitcoin's 'digital gold' status and can contribute to long-term bullish sentiment. the 'buy the rumor, sell the news' scenario also introduces potential for short-term volatility.
Trustworthiness
HighThe information is based on blockchain data and widely understood bitcoin halving mechanisms. the analysis presents both bullish and bearish scenarios, which is typical for market event interpretations.
Price Direction
BullishThe strengthening scarcity narrative and the 'digital gold' status are long-term bullish factors. while short-term profit-taking could occur, the fundamental aspect of limited supply tends to drive price appreciation over time.
Time Effect
LongThe direct impact might be felt around the milestone, but the true effect of increased scarcity on price is a gradual process that plays out over the long term as the remaining supply dwindles.
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Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Bitcoin, the leading cryptocurrency, is preparing to pass an important technical and economic milestone, as according to blockchain data, the total number of issued coins will reach 20 million this week, according to Blockchain . Advertisement Right now, about 19,997,000 BTC are in circulation, and if the current block generation speed remains the same, meaning about 10 minutes per block on average, the 20 millionth coin will be mined around March 11, 2026. After that, only one million BTC will remain to be mined before the final cap of 21 million, which represents about 4.7% of the total supply. You Might Also Like Wed, 03/04/2026 - 00:01 Crypto Market Review: One Shiba Inu (SHIB) Fail After Another, Will XRP's Price Slide Toward $1.60? Bitcoin (BTC) $70,000 Breakout Is Still Possible By Arman Shirinyan HOT Stories Ripple CEO Says Clarity Act Is About Protecting Interests of Americans Crypto Market Review: One Shiba Inu (SHIB) Fail After Another, Will XRP's Price Slide Toward $1.60? Bitcoin (BTC) $70,000 Breakout Is Still Possible Why is this happening so slowly? Even though 95% of all Bitcoins were mined during the first seven years of the network’s existence, the remaining 5% will be distributed for a very long time because of the halving mechanism. This mechanism is the programmed reduction of new coin issuance by half every four years. Advertisement Reaching the 20 million mark does not change how the algorithm works. However, for the market, it is an important signal because it reminds participants of a key feature of Bitcoin — its scarcity and fixed supply. How could this affect price of Bitcoin? The first argument is the strengthening of the scarcity narrative, which is the bullish scenario. There is the FOMO effect as 95% of the supply has already been mined, and there is reinforcement of Bitcoin’s status as digital gold and a defensive asset. Supply is limited and issuance growth does not exist. The second scenario is bearish and follows the principle of “buy the rumor, sell the news.” If large market participants push the price higher ahead of the event, when the 20 millionth coin is actually mined, a short-term correction may follow, because those who pushed the price earlier may begin to take profits from the hype around this milestone. Advertisement #Bitcoin #Bitcoin News