The Bitcoin network already passed the 18.5 million BTC mark in circulation, according to the latest tweet from ChartsBTC. As only 21 million Bitcoin to be issued, a little under 2.5 million BTC remains for mining, or about 11.9% of the total Bitcoin to be generated.
Half of the remaining 2.5 million BTC will be mined in the next four years, according to ChartBTC.
As the issuance of new coins is halved every four years, the last Bitcoin is not expected to be mined until 2140. No new Bitcoin can be mined after that year.
Since early 2020, institutional demand for Bitcoin had been steadily increasing. New survey data showed that institutional investors intend to increase their Bitcoin allocations regardless of short term dips in price. Through its investment in MicroStrategy, the world’s largest sovereign wealth fund now owns 577.6 BTC.
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