Bitcoin Nears Supply Limit With 95% Already Mined

Bitcoin Nears Supply Limit With 95% Already Mined

On-chain data confirms mined Bitcoin has exceeded 19.95 million BTC, leaving less than 1.05 million BTC to be created before reaching the 21 million cap.

BTC

Fact Check
The assessment that the statement is 'likely true' is based on overwhelming and consistent evidence from multiple high-authority sources. Key financial and cryptocurrency data providers, including Coinbase, CoinMarketCap, CoinGecko, and Yahoo Finance, all provide data that directly supports the claim. They report a circulating supply of approximately 19.95 million Bitcoin against a maximum possible supply of 21 million. A simple calculation ((19.95M / 21M) * 100) confirms the figure is 95%.Notably, Coinbase, a major publicly traded cryptocurrency exchange, explicitly states that the circulating supply is '95% of its' maximum supply,' providing direct verification. The data from all these top-tier sources is nearly identical, creating a strong consensus.Furthermore, the analysis from the Czech National Bank, a highly credible institutional source, validates the fundamental supply mechanics of Bitcoin (such as the hard cap of 21 million coins and the halving process), which underpins why the mined percentage is so high. Conversely, the sources that do not support the statement are irrelevant to the claim. The SEC filing from TeraWulf, news about Soluna, and the Newhedge charts on block rewards focus on the specifics of mining operations or the rate of new supply issuance, not the total cumulative supply that has been mined. There is no contradictory evidence among the provided sources. The consistency across numerous independent, authoritative data aggregators makes the statement highly credible and factually accurate.
Summary

Mined Bitcoin reached over 19.95 million BTC on February 17, accounting for 95% of the total supply limit of 21 million. On-chain data indicates less than 1.05 million BTC remain to be mined. The slowing pace of issuance follows programmed halving events in the Bitcoin protocol, which reduce block rewards over time.

Terms & Concepts
  • Total Supply Cap: The maximum amount of Bitcoin that can ever exist, set at 21 million units by its protocol.
  • Mining: The process of validating transactions and creating new Bitcoin by solving complex mathematical problems using computing power.
  • BTC: The ticker symbol for Bitcoin, the first and most widely used cryptocurrency.