Tuesday, November 12, 2019

Bitcoin’s maximum supply is now well below 21 million


In October 2019, the Blockchain Bitcoin surpassed the 18 million BTC milestone. In fact, there are only 3 million Bitcoins left that can still be mined in the future. However, the maximum number of Bitcoins that can ever be usable is now closer to 17 million than the 21 million to be created that was initially fixed by Satoshi Nakamoto. According to a study by Chainalysis, which was published at the end of 2017 and relayed at the time by Fortune.com, nearly 3.79 million Bitcoins had already been lost. However, there are still 120 years to go before all Bitcoins have been officially mined. This should take us to 2140.

But if the coins are lost at this rate, would it become a collector's item? or will the rarity of the coins boost it price and still be or practical use?

https://medium.com/altcoin-magazine/bitcoins-maximum-supply-is-now-well-below-21-million-33023a576bf1
https://www.unchained-capital.com/blog/geology-of-lost-coins/