"Having only one million Bitcoin left to be mined is a powerful reminder of something unique: this is the first monetary system in history with a fully predictable policy written in code."
"By 2035, 99% of Bitcoin's total supply will be mined, but it will take a little over 100 years to mint what is left. This timeline is due to a concept called halving, which means that about every four years, miners are rewarded with half as much Bitcoin."
"When Satoshi Nakamoto created the original cryptocurrency in 2009, miners would receive 50 Bitcoin as a reward. The system is intended to make the original cryptocurrency more scarce, at a predictable rate, over time."
Bitcoin reached its 20 millionth coin milestone, representing over 95% of its total supply with fewer than one million coins left to mine. This achievement highlights Bitcoin's unique economic model as a hard money system with a fixed, predictable supply—contrasting sharply with traditional currencies that governments can print infinitely. The halving mechanism, occurring every four years, reduces miner rewards by half, slowing the mining process significantly. By 2035, 99% of Bitcoin will be mined, but the remaining 1% will take over 100 years to complete. When mining concludes in 2140, miners will earn solely through transaction fees. Currently priced around $71,000, Bitcoin has appreciated approximately 16,000% over the past decade despite recent volatility.
Read at Fortune
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