Just 2 million Bitcoin left: Bitcoin hits the 19 million milestone

The 19th millionth Bitcoin (BTC) was mined today, a landmark juncture for the fig 1 c. 19 cardinal Bitcoin are present successful circulation, with conscionable 2 cardinal Bitcoin yet to beryllium minted (or mined) until astir the twelvemonth 2140. 

In block 730002, mined by SBI Crypto, the 19 millionth Bitcoin entered circulation. SBI crypto earned ‎6.32 BTC, astir $293,000 for the occupation successful transaction fees and artifact reward. 

A momentous occasion, the Bitcoin assemblage was speedy to observe the milestone event.

— Pomp (@APompliano) April 1, 2022

The CEO of perchance 1 of the world’s astir ESG affable Bitcoin miners, Kjetil Hove Pettersen of Kryptovault told Cointelegraph "we person lone 2 cardinal Bitcoin–less than 10% of the total–left to mine." He continued:

"This whitethorn look similar a tiny fig astatine archetypal glance, but I judge the champion days of mining are inactive up of us.”

Bert de Groot, laminitis of a Bitcoin angiosperm travel mining company, Bitcoin Bloem, told Cointelegraph the “19th cardinal bitcoin being mined contiguous marks a humanities moment.” He concluded that it “makes america recognize erstwhile much however important the enactment was that Satoshi Nakamoto,” joking that “we privation we could person sent flowers to amusement our gratitude.”

According to Vlad Costea, laminitis of Bitcoin Takeover, there are “only 2 cardinal BTC near to excavation successful the adjacent 118 years!” Over the past 13 years since the inception of Bitcoin, miners person uncovered 19 cardinal Bitcoin; the past Bitcoin is expected to beryllium mined successful the twelvemonth 2140.

The 18,500,000 millionth Bitcoin was mined successful September 2020, arsenic the existent issuance complaint is 6.25 Bitcoin per block. The adjacent halving, wherever the issuance complaint is chopped successful half, is scheduled for 2024.

Bitcoin halving and issuance rate. Source: Bitcoinfool

For the Bitcoin community, the 19 millionth Bitcoin mined highlights the scarcity of Bitcoin. According to Human Rights Foundation main strategy serviceman Alex Gladstein, the scarcity is adjacent much salient fixed however aboriginal the satellite is connected the way to adopting Bitcoin:

Truly astonishing that 19 cardinal of a full of 21 cardinal bitcoin person been issued and globally distributed and yet we are lone astatine the precise dawn of nation-state adoption. https://t.co/8MsqbWDapb

— Alex Gladstein ⚡ (@gladstein) April 1, 2022

Related: Bitcoin ‘dormant’ for 7+ years moved close earlier BTC terms dropped 5%

To date, El Salvador is the lone nation-state to follow Bitcoin arsenic ineligible tender, present issuing Bitcoin-backed “Volcano Bonds” to rise money. However several different countries including Brazil showed promising signs of Bitcoin adoption in 2021.

With little than 10% of the Bitcoin near to beryllium mined, the astir assertive Bitcoin buyers–such arsenic Do Kwon's Luna Foundation Guard–face an uphill battle if they privation to proceed stacking sats.