Bitcoin Supply Now has 85% in Circulation: Will “Scarcity” Kick In?

As of today, August 1, Bitcoin has 85% of its supply in circulation. This means there are only 3.15 million new coins left to be mined for the next 120 years.

Bitcoin is currently trading at $10,044 USD according to CoinMarketCap.

Bitcoin Supply

Data from monitoring resource Blockchain said that earlier today, Bitcoin miners extracted the “17,850,000th unit as part of the transaction validation process.”

Now, because the number of coins awarded per block decreases over time, Cointelegraph says, “the remaining supply will only be unlocked in the year 2140.”

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