How many BTC is in circulation?

[ariinv]

Anybody know how many BTC from 19 million minted coin is in circulation and trading in almost three hundred exchanges?

[1714899943]

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[OmegaStarScream]

See this: https://cryptoquant.com/asset/btc/chart/exchange-flows

These lists only include the biggest CEXes and obviously don't have P2P and decentralized platforms like LocalCryptos and BISQ since they're non-custodial.

[BitMaxz]

Why not use Coinmarket or Coingecko? You can see circulating supply on both of them. Check the image below.



Then check this Metrics for exchange balances

Register there for free to check it.

[bitzizzix]

There will only be 21 million bitcoins available because the bitcoin platform operates on a scarcity model.
Miners enforce the rules of the network and distribute the remaining 21 million bitcoins.

And currently around 19 million bitcoins, or more than 90% of the supply, have been mined.

[ranochigo]

You can see the amount of Bitcoins in circulation simply by looking at the unique transaction volume over the past few weeks/months. That would still be inaccurate because you can always mix Bitcoin and the numbers would be inflated. Both trading volumes and declared holdings by exchange would be inaccurate as well because of the abovementioned reasons. You can possibly collate the number of Bitcoins by looking at the different cold storage and hot wallets of the exchange but it is impossible to ascertain the correct amount because no exchange would give any exact values and you can't possibly find all of the addresses associated with the exchanges, barring larger ones.

[ariinv]

There will only be 21 million bitcoins available because the bitcoin platform operates on a scarcity model.
Miners enforce the rules of the network and distribute the remaining 21 million bitcoins.

And currently around 19 million bitcoins, or more than 90% of the supply, have been mined.

Thank you , I am aware of it but I would like to know how many are in circulation and trading and how many are in cold wallets with holders! Is there any precision data in this regard?

[DaveF]

There will only be 21 million bitcoins available because the bitcoin platform operates on a scarcity model.
Miners enforce the rules of the network and distribute the remaining 21 million bitcoins.

And currently around 19 million bitcoins, or more than 90% of the supply, have been mined.

Thank you , I am aware of it but I would like to know how many are in circulation and trading and how many are in cold wallets with holders! Is there any precision data in this regard?

Not really. You can't tell the difference between a bunch of coins sitting in an address that is a paper wallet sitting in someones safe vs coins that were lost when a PC crashed taking the wallet.dat (or whatever file) with it and coins that are sitting in a hot wallet that the owner has not wanted to spend since 2018 since they cashed out a lot then and are just sitting on the rest.

The ones that are moving are also a guess. If I bought 2BTC on the dip last week from an exchange and withdrew them to stick them in a cold wallet for a decade you really have no way of knowing that either.

There are some sites & people who can give you a really good guess / estimate but you can never be sure.

-Dave

[m2017]

Anybody know how many BTC from 19 million minted coin is in circulation and trading in almost three hundred exchanges?

You initially operate with an inaccurate figure of 19 million BTC. Immediately you need to subtract ~1 coins, which is stored on Satoshi's wallet. I can't tell if access to these facilities is lost forever or if it's just being stored, but at the moment, this BTC's don't participate in the circulation for sure. Next, you need to subtract the number of coins, access to which was lost forever. For example, due to a breakdown / disposal in the HDD trash or due to sending BTC to the wrong address, which also leads to their loss forever.

Therefore, it is almost impossible to estimate exactly how much BTC is circulating.

Of the originally conceived 21 million BTC, the world will end up with less than 21 million at its disposal. Also, I assume that over time this figure will decrease, due to future loss of bitcoins.

[ariinv]

Anybody know how many BTC from 19 million minted coin is in circulation and trading in almost three hundred exchanges?

You initially operate with an inaccurate figure of 19 million BTC. Immediately you need to subtract ~1 coins, which is stored on Satoshi's wallet. I can't tell if access to these facilities is lost forever or if it's just being stored, but at the moment, this BTC's don't participate in the circulation for sure. Next, you need to subtract the number of coins, access to which was lost forever. For example, due to a breakdown / disposal in the HDD trash or due to sending BTC to the wrong address, which also leads to their loss forever.

Therefore, it is almost impossible to estimate exactly how much BTC is circulating.

Of the originally conceived 21 million BTC, the world will end up with less than 21 million at its disposal. Also, I assume that over time this figure will decrease, due to future loss of bitcoins.

As far as I heard there are 60 to 63% with hodlers or lost ( anyhow out of the market) and remaining in circulation , it is very important since if hodlers start selling and change their strategy it will change the whole game!

[fiulpro]

There will only be 21 million bitcoins available because the bitcoin platform operates on a scarcity model.
Miners enforce the rules of the network and distribute the remaining 21 million bitcoins.

And currently around 19 million bitcoins, or more than 90% of the supply, have been mined.

Thank you , I am aware of it but I would like to know how many are in circulation and trading and how many are in cold wallets with holders! Is there any precision data in this regard?

If there would be any data then it would mean that the privacy is not really a choice here. The people sometimes hide their wallets and at the same time there are people who have lost their coins as well who might not have any idea where they are, some of them are also unfortunately passed on as well therefore their family might never know where those coins are hidden as well. Some people like the creator might be ' holding' it forever thus creating a balance between trading and stuff therefore I do think if someone was incharge of data he won't be accurate as well! Therefore I don't understand how one can answer it accurately.

[hatshepsut93]

Thank you , I am aware of it but I would like to know how many are in circulation and trading and how many are in cold wallets with holders! Is there any precision data in this regard?

You can't know if a coin is in a cold wallet or in a hot wallet, only the owner knows it, from the outside view it's the same. What we can know is the rough estimate of coins in wallets of big exchanges like Coinbase, and we can assume that majority of those coins are actively traded, but even here some percentage of users actually use exchange accounts for long-term storage, even though it's a bad idea. Coins in self-hosted wallets could also be actively traded, this can be spotted if they are moved frequently.

If I were to calculate an estimate for the circulating supply, I would look at all UTXO and consider all coins that haven't been moved in last 2 years as non-circulating, except for coins that belong to exchanges.

[batang_bitcoin]

This might not be as accurate as it is. But this will give you an idea of how many bitcoins are in the known and largest exchanges out there.
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
The other addresses that are on the top that have no label has a bigger chance that it's also owned by them.

[lornadane]

There will only be 21 million bitcoins available because the bitcoin platform operates on a scarcity model.
Miners enforce the rules of the network and distribute the remaining 21 million bitcoins.

And currently around 19 million bitcoins, or more than 90% of the supply, have been mined.

Is this supply mined in 2022 alone or is this all-inclusive from the results of a few years ago.  Because 90% is already included in the top position and you can say it's quite a lot.

[n0nce]

Anybody know how many BTC from 19 million minted coin is in circulation and trading in almost three hundred exchanges?

You initially operate with an inaccurate figure of 19 million BTC. Immediately you need to subtract ~1 coins, which is stored on Satoshi's wallet. I can't tell if access to these facilities is lost forever or if it's just being stored, but at the moment, this BTC's don't participate in the circulation for sure. Next, you need to subtract the number of coins, access to which was lost forever. For example, due to a breakdown / disposal in the HDD trash or due to sending BTC to the wrong address, which also leads to their loss forever.

Therefore, it is almost impossible to estimate exactly how much BTC is circulating.

Of the originally conceived 21 million BTC, the world will end up with less than 21 million at its disposal. Also, I assume that over time this figure will decrease, due to future loss of bitcoins.

As far as I heard there are 60 to 63% with hodlers or lost ( anyhow out of the market) and remaining in circulation , it is very important since if hodlers start selling and change their strategy it will change the whole game!

I don't understand the whole question. Any Bitcoin is still in circulation as it can be moved at any time, as long as someone still has the keys required for spending it. 'Hodlers' will eventually sell one day or buy something with their BTC, otherwise why have they bought it in the first place? Coins that haven't been moved for a long time could be moved an instant from now; historic information doesn't indicate what happens next. Satoshi's coins could move at any time, too; any assumptions that they won't are actually wrong unless there is proof he burned them. The only reliable such proof would be if he sent them to a burn address / OP_RETURN, because even someone burning a paper wallet could have backups of the seed or private keys everywhere.

I highlighted this fallacy in bold: only because someone properly handles their Bitcoin and 'withdraws it to cold storage', doesn't mean it's out of the market or out of circulation. That's just good habit and private key management.

[tranthidung]

You can use Messari.io or Viewbase.com too.

• https://messari.io/asset/bitcoin/charts/exchange
• https://www.viewbase.com/exchange
• https://data.bitcoinity.org/markets/volume/30d?c=e&t=b (Trading volume if you want to check it)

[philipma1957]

Anybody know how many BTC from 19 million minted coin is in circulation and trading in almost three hundred exchanges?

You initially operate with an inaccurate figure of 19 million BTC. Immediately you need to subtract ~1 coins, which is stored on Satoshi's wallet. I can't tell if access to these facilities is lost forever or if it's just being stored, but at the moment, this BTC's don't participate in the circulation for sure. Next, you need to subtract the number of coins, access to which was lost forever. For example, due to a breakdown / disposal in the HDD trash or due to sending BTC to the wrong address, which also leads to their loss forever.

Therefore, it is almost impossible to estimate exactly how much BTC is circulating.

Of the originally conceived 21 million BTC, the world will end up with less than 21 million at its disposal. Also, I assume that over time this figure will decrease, due to future loss of bitcoins.

As far as I heard there are 60 to 63% with hodlers or lost ( anyhow out of the market) and remaining in circulation , it is very important since if hodlers start selling and change their strategy it will change the whole game!

I don't understand the whole question. Any Bitcoin is still in circulation as it can be moved at any time, as long as someone still has the keys required for spending it. 'Hodlers' will eventually sell one day or buy something with their BTC, otherwise why have they bought it in the first place? Coins that haven't been moved for a long time could be moved an instant from now; historic information doesn't indicate what happens next. Satoshi's coins could move at any time, too; any assumptions that they won't are actually wrong unless there is proof he burned them. The only reliable such proof would be if he sent them to a burn address / OP_RETURN, because even someone burning a paper wallet could have backups of the seed or private keys everywhere.

I highlighted this fallacy in bold: only because someone properly handles their Bitcoin and 'withdraws it to cold storage', doesn't mean it's out of the market or out of circulation. That's just good habit and private key management.

Technically you are correct. All minted coins even the first block which is supposedly stuck could be moved with special software adjustments. So no coin is truly lost.
No coin is truly untouchable.

But many coins have not moved for more than 2 years.

The better question might be.
How many coins are frozen since 2009
How many coins are frozen since 2010
How many coins are frozen since 2011
How many coins are frozen since 2012

note first half ing was in 2012 so 10.5 mill coins are older than 2012.

how many have not moved since that time is knowable.
how of them will move is not knowable.

sames for
2013
2014
2015
2016.    this is 5.25 million how many never moved is knowable
how many will move is also not possible to know.

at the 2009-2016 zone we have 15.75 mined do we know the ones that never moved yes.
do we know the stuck ones that will move no.

[Lucius]

I don't understand the whole question.

The question makes sense if one wants to know (at least approximately) how much BTC is available on the market at a given time. Of the total number mined (19+ million), some are currently lost, some are in non-custodial wallets, and some are available for trading. If we take into account that according to available data this number is about 2.5 million BTC, then we can conclude that supply is far greater than demand, and that Bitcoin is not a sought-after commodity despite the limited max supply - which is ultimately reflected on price.

Of course, we should not forget the OTC market, which has always been speculated to be of the order of magnitude as an open market, which would mean that at any given time in one way or another there are millions of BTCs that can be traded.

[n0nce]

I don't understand the whole question.

The question makes sense if one wants to know (at least approximately) how much BTC is available on the market at a given time.

Sure, but my argument is that every Bitcoin not provably burnt is technically on the market (sellable at any point in time) as e.g. I could be selling a UTXO that I haven't touched since 2010 to a forum user right now through private messages or whatnot. Or I might be meeting a buddy later today to give him this UTXO in exchange for his motorbike.

Of the total number mined (19+ million), some are currently lost, some are in non-custodial wallets, and some are available for trading.

But how are the ones sitting in non-custodial wallets not available for trading? The owners could send them to Bisq or another exchange at any point in time, couldn't they?

If we take into account that according to available data this number is about 2.5 million BTC, then we can conclude that supply is far greater than demand, and that Bitcoin is not a sought-after commodity despite the limited max supply - which is ultimately reflected on price.

Is 2.5 million the total amount of BTC for sale on centralized exchanges? Because I reckon this would be a pretty bad indicator since Bitcoin can be moved so fast and cheaply even in huge amounts. Like, I get it that when thinking about FOREX there may be limited amount of foreign currency currently available in a certain country and it has to be physically moved. But thousands of BTC could go from 10-year-not-moved-cold-storage to sold on Coinbase for $ in a matter of minutes.

[OgNasty]

It's often discussed how many BTC are in reality circulating vs what the numbers will show.  I think I've seen it mentioned that as many as 2.5 million BTC could have been lost for one reason or another over the years (mostly early on as people thought it had no value).  That would put a more realistic number of about 16.5 million BTC in circulation in reality, with it peaking out at around 18.5 million at the end of the distribution period.  You could make the argument that Bitcoin's market cap is inflated as a result compared to other coins, who likely have a much less % of lost coins due to them being created later when the value of crypto had begun being recognized. 

[Welsh]

You could make the argument that Bitcoin's market cap is inflated as a result compared to other coins, who likely have a much less % of lost coins due to them being created later when the value of crypto had begun being recognized. 

I think so. At the end of the day Bitcoin would have been the very first cryptocurrency that people had even heard of let alone used. So, early on when it was worth a couple of quid, meant that it got neglected. So, really in reality while coins might not be completely lost in the terms of what rational people would considered indefinitely lost i.e those that have died, coins being sent to burner addresses, and what not. Simply, a lot of users back then would have forgotten their passwords, and likely won't ever gain access to it again. However, they can't be as easily considered as lost.

The next generation will have a better idea of how many were lost, but even then not without any uncertainty. I think it's probably best to just assume that all 21 million can be accessed, even though we know that isn't the case. Since, after all we aren't worried about it increasing beyond that theoretically supply of 21 million, whereas with fiat we're constantly seeing millions or even billions poured into circulation. The reassuring thing is; that'll never happen with Bitcoin.