Almost 20 Million Bitcoin has been mined

[Cryptoprincess101]

The remaining 1 million bitcoins will be completely mined in the year 2140 so imagine how far the price of bitcoin has reached within just 16 years of its discovery, it is to tell us that there is so much bright future for bitcoin. As the ETFs, whales, government and other cooperate organizations are buying bitcoins, it is important to also be a part of the hodlers as no price is too late to buy and have some stash in your portfolio. Having a few bitcoins is better than not having at all because the price can skyrocket to an incredible height at a time when we least expected.

[Rustam Meraj]

The remaining 1 million bitcoins will be completely mined in the year 2140 so imagine how far the price of bitcoin has reached within just 16 years of its discovery, it is to tell us that there is so much bright future for bitcoin. As the ETFs, whales, government and other cooperate organizations are buying bitcoins, it is important to also be a part of the hodlers as no price is too late to buy and have some stash in your portfolio. Having a few bitcoins is better than not having at all because the price can skyrocket to an incredible height at a time when we least expected.

Yes long term shortage of Bitcoin is very important since 20 millionth Bitcoin was recently mined, and only one million coins are to be mined over 114 years. And large groups and ETFs are fast buying, and recent buy of MicroStrategy of more than 17,000 BTC and highest buying rates in years by whales.
I believe bright future you see is coming, since Bitcoin is becoming savings item in whole world, and it is only smart to get at least little of it as protection against rising prices.

Although I agree with your hope that price will go very high, I must say that huge sell block will be seen at 75,000 which could hold price going sideways over a few months before having bigger upward move later this year. After all, with 95.2% owning of all Bitcoin already in place, the actual gain will be to those who are hodlers and wait till all stock gets used up.

[SilverCryptoBullet]

Yes long term shortage of Bitcoin is very important since 20 millionth Bitcoin was recently mined, and only one million coins are to be mined over 114 years. And large groups and ETFs are fast buying, and recent buy of MicroStrategy of more than 17,000 BTC and highest buying rates in years by whales.
I believe bright future you see is coming, since Bitcoin is becoming savings item in whole world, and it is only smart to get at least little of it as protection against rising prices

This chart of Bitcoin future supply can help to illustrate and visualize it and make it more easily understandable with many newbies. The future supply will become less with each block, each year and each Bitcoin halving while demand will increase more and exceed new supply as effect from very good adoption growth of Bitcoin globally.

https://www.coinglass.com/pro/i/bitcoin-supply-forecast
https://bitcoinvisuals.com/misc-future-supply

[X-ray]

I never understood the whole "let's mine it front loaded and then not mine that much later on." The pace always confuses me, like feels like it is going to not match what it should.

I know that hundred years from now it should still be mined, but for some reason it always felt like we mined way more than we should, and we will finish it beforehand. I know we won't, that's not how it works and the math is there so we are going to face a lot more. But like.. it is not been even 20 years and mined most, that's too front loaded, I think it should have been slower.

I'm sure it's to stimulate the economy of bitcoin to run by making the circulating supply high on the first few decades, because otherwise the block reward will keep being considered as an inflation and from the standpoint of an investor that's not good.

Right now inflation is pretty low and anyone investing in bitcoin could be rest assured that there won't be any more coin produced which means scarcity.

If the bitcoin were mined a little bit by little bit I doubt we'd become this big today.

[Chinesebaby]

Don't forget, only 1 million is left to all of us.

I think the best phrase for this should have been "only 1 million Bitcoin left for all of us to be mined" and not actually "Only 1 million Bitcoin left for all of us" because on the contrary, we now have over 19.99 million Bitcoin available now in circulation. Which means there is enough Bitcoin for everybody, of which when it's demands skyrocket very high, it's price value will adjust itself too, in other to meet the market demand. So now is actually the best time to mined or buy Bitcoin, since the 1 million Bitcoin left will actually take over 80yrs plus to be fully mined. Most especially now that it's value is half of its current All Time High, giving us a full potential that we have over 2x of whatever amount invested today.

[Ahli38]

Don't forget, only 1 million is left to all of us.

On the other hand, whales, institutions, EFT's, countries putting it in their balance sheet are getting their hands on the precious BTC. So it's going to be a race, and everyone is going to fight it out including us retail investors. And moving forward, every block added scarcity pressure.

Clock is ticking guys....

I personally think that large investors have been actually competing to obtain Bitcoin which has been very valuable for several years. But the increasing scarcity of Bitcoin has made investors strive even harder to accumulate Bitcoin as it will have greater potential for growth in the future. As for retail investors they will be very lucky if they buy Bitcoin at the current price, where investors may increasingly compete for Bitcoin in the future. And now is a great opportunity for investors to take advantage of Bitcoin at a relatively cheap price before it reaches the next halving cycles, where it will make Bitcoin even scarcer.

[JigzawMarzipan]

Yes, we are getting close to the limit. Bitcoin has a fixed supply of 21 million coins, and most of them are already mined. That’s one of the main reasons people call it digital scarcity. You can see the current supply here:
https://www.blockchain.com/explorer/charts/total-bitcoins 

[summonerrk]

Don't forget, only 1 million is left to all of us.

On the other hand, whales, institutions, EFT's, countries putting it in their balance sheet are getting their hands on the precious BTC. So it's going to be a race, and everyone is going to fight it out including us retail investors. And moving forward, every block added scarcity pressure.

Clock is ticking guys....

Yes, the idea that the "clock is ticking" came to me too. I never really thought about it, but now I, like all cryptans, thought, "but now there will always be less than a million coins left." It's cool for those who have at least one Bitcoin, because they can psychologically feel very involved in the common cause and the crypto society. Apparently, the psychological aspect is also incredibly important if so many of the community are thinking about the number of Bitcoins. I think this should have had a positive impact on the market, perhaps it even became a driver of the price in a positive increase, because the lack of expansion of the overall premium is Bitcoin's strong point.

[sunsilk]

Yes, we are getting close to the limit. Bitcoin has a fixed supply of 21 million coins, and most of them are already mined. That’s one of the main reasons people call it digital scarcity. You can see the current supply here:
https://www.blockchain.com/explorer/charts/total-bitcoins 

We're already in 20M for its supply. But guess what? despite that it's 1M supply away, we're not going to see that being mined in full.

Because the estimation of when the last bitcoin supply will be mined is around 2140. So, we're close to the limit yet we're far.

So the 21 million supply will take a century before the world witnesses its very last block and piece to get mined.

[Brandon855]

Yeah, it’s crazy that almost 20 million BTC have already been mined. That means there’s only 1 million left for all of us, and with the way things are going, those last few million are gonna be harder and harder to get. Whales, institutions, ETFs, and even countries are all stacking BTC like there's no tomorrow, so the retail investors (like us) are gonna be in a race against time. It’s a bit wild to think about how much the scarcity will kick in once that last million is really all that’s left. Every new block added just brings that scarcity pressure even more.
Honestly, it feels like we’re at a tipping point. If you’ve been holding, it’s even more of a reason to stay in the game and keep stacking, because once these big players get their hands on the bulk of what’s left, it might be harder for us small fish to get in.
Clock’s definitely ticking... Let's see how it plays out!