Bitcoin mining surpasses 95%… remaining supply under 2 million coins

The circulating supply of Bitcoin (BTC) has exceeded 95% of the total issuance limit of 21 million coins, increasing interest in future supply reduction.

On the 17th (local time), Cointelegraph reported that Bitcoin mining has surpassed 95%. The current circulating supply is about 19.95 million coins. This figure was achieved 17 years after the creation of the genesis block in January 2009. Approximately 2.05 million coins remain to be mined.

Thomas Perfumo, Kraken Global economist, said, "The current annual supply growth rate of Bitcoin is about 0.8%, which reaffirms Bitcoin's scarcity and reliability." He emphasized that Bitcoin simultaneously has the function of a payment protocol and a predictable fixed supply structure.

However, analyses also say that supply reduction does not lead to immediate price increases. Jake Kennis, a Nansen researcher, explained, "The 95% mining completion is meaningful psychologically, but it is not a factor that will move market prices in the short term," and "the remaining 5% of supply will be released gradually over more than 100 years." He added, "The key is not the number 95% but that the designed issuance schedule is operating as intended," evaluating that the digital gold narrative is gradually being supported.

Marcin Kazmierczak, co-founder of Redstone, also analyzed, "The supply structure itself has already been sufficiently reflected in the market and is unlikely to act as a short-term price catalyst." He added that network infrastructure scalability will emerge as a more important issue in preparation for expanded institutional participation in the future.