Bitcoin Mines 20 Millionth Coin This Month, Remaining 1 Million to Take 114 Years

This month, the Bitcoin network reached a significant milestone, successfully mining its 20 millionth Bitcoin. While this event did not trigger drastic price fluctuations, it has once again drawn widespread market attention to Bitcoin's limited supply mechanism. According to its protocol design, the total supply of Bitcoin is fixed at 21 million, with approximately 95.2% of the coins already released, leaving only about 1 million to be mined.

As Bitcoin's mining rewards halve every four years, future block rewards will gradually decrease, leading to a continued slowdown in the production of new coins. Experts estimate that the remaining 1 million Bitcoins will be gradually mined over the next 114 years, with the last coin expected to be mined around 2140. This gradual release mechanism not only ensures the security and stability of the network but also reinforces its scarce attribute as "digital gold."

As the number of mineable coins decreases, market expectations for the long-term value of circulating Bitcoin continue to rise. Many investors and research institutions believe that Bitcoin's deflationary model is gradually revealing its economic logic, making it an important option for global reserves and inflation-resistant allocation, in addition to traditional assets.