94% of All Bitcoins Have Been Mined: Only 5.91% Left

When people mention that all Bitcoins will be mined by 2140, a crucial fact is often overlooked: most BTC has already been extracted.

As pointed out by the X account HODL15Capital, 94.08% of all BTC has already been mined, leaving just 5.91% yet to be issued.

“Only 5.91% of BTC remains,” the account stated, alongside charts that detailed the exact amount of BTC extracted so far.

This means that out of a total of 21 million BTC, the majority has already been mined, reinforcing Bitcoin‘s perception as a rare asset.

In exact numbers, over 19.77 million BTC have already been extracted, and the milestone of 20 million is fast approaching. As it stands, only about 1.23 million BTC remain to be issued.

Bitcoin Mining Slows After Halving

Bitcoin’s mining rewards slowed this year following the halving event, reducing from 6.25 BTC per block to 3.125 BTC. By 2028, the block rewards will be cut by another 50%, leaving miners with just 1.562 BTC per block.

Interesting Facts About Bitcoin’s Supply

Many intriguing data points and speculations arise from this fact, with a Reddit post shedding light on the diminishing BTC supply.

Here are some notable highlights:

• Around 99% of Bitcoin will likely be mined by 2034, within the next 10 years.
• By 2048, 99.99% of BTC will have been mined.
• During the last four-year cycle, 1.3 million Bitcoins were mined, but it will take over 100 years to extract another 1.3 million BTC.

It’s also important to note that Bitcoin is considered deflationary—not only due to the decreasing supply but also because many Bitcoins have been inactive for years.

As previously reported by CriptoTendencia, at least 1.7 million Bitcoins mined between 2009 and 2012 remain inactive, representing a staggering fortune worth around 100 billion USD.

Bitcoin Becomes Scarcer with Each Halving

Additionally, after every halving, Bitcoin’s emission rate slows, while demand continues to rise, making Bitcoin even scarcer over time.

This isn’t just a hypothesis—Bitcoin’s entire history shows a consistent decline in supply and a growing demand for the asset.

Moreover, this constant reduction in supply emphasizes Bitcoin’s deflationary nature, as fewer tokens are available for mining with each passing day.

Even though there are an estimated 32 more halvings left for Bitcoin, the majority of its tokens have already been extracted, and in just a decade, less than 1% will remain to be issued.