Bitcoin Hits 95% Mined Milestone: What It Means for Scarcity and Supply

Bitcoin has reached an important milestone in its supply schedule, crossing the threshold of 95% mined. According to recent data, approximately 20.04 million BTC have been issued out of the fixed maximum supply of 21 million BTC. This means that about 5% of the total Bitcoin supply remains to be mined, with the final bitcoin expected to arrive around 2140.

The block subsidy, which is halved roughly every 210,000 blocks, plays a crucial role in determining the pace of new supply creation. The current block subsidy is 3.125 BTC per block, resulting in about 450 new BTC created daily. This will slow down as future halvings occur, with the next one expected around 2028.

The 95% milestone has significant implications for Bitcoin's scarcity narrative. With most of the supply already existing, the remaining 5% will take over a century to issue. This predictability is key to understanding Bitcoin's unique monetary policy, which is enforced by the protocol and validated by nodes across the network.