More than 95% of all coins have already been mined in the Bitcoin network

More than 19.95 million coins have already been mined on the bitcoin network BTC $90,720.97 Mezo Wrapped BTC -0.06% Market capitalization $52.55 million VOL. 24 hours $1.05 billion , which is more than 95% of the maximum possible issue of 21 million BTC. This milestone, predicted back in 2009 when the protocol was launched, emphasizes the main feature of bitcoin — its limited supply and predictable monetary policy. There are approximately 2.05 million BTC left for mining, which miners will receive over the next decades.

Kraken economist Thomas Perfumo called the 95% milestone a proof of bitcoin’s stability and immutability over the almost 17 years of its existence. The network operates without inflationary risks and outside interference, and the annual «inflation» is about 0.8%. This makes Bitcoin similar to «digital gold» — a rare resource with a fixed supply that cannot be counterfeited or diluted by additional issues.

Analysts don’t expect the 95% milestone to have an immediate impact on the market price. Nansen’s Jake Kennis notes that this indicator is more symbolic: it confirms the long-term scarcity of the asset, but is not a driver of short-term fluctuations. The last 5% of the coins will be mined for more than a century, until about 2140, thanks to a gradual decrease in the reward per block (halving).

Experts emphasize that the main value of bitcoin lies not in the 95% figure itself, but in the transparent and unchanging schedule of coin production. Unlike fiat currencies, which can be changed by governments, Bitcoin has a strictly fixed supply, which ensures trust among both users and institutional investors.

After the 2024 halving, the reward per block dropped to 3,125 BTC, which increased pressure on miners. Market participants predict further consolidation of the industry: less efficient companies may leave the market, while large operators may strengthen their positions by optimizing costs and increasing the role of fees. This, according to analysts, indicates that the network is moving from a phase of active growth to a stage of maturity and stable scarce supply.