85% of the world’s Bitcoin has been mined
Sound the alarm. As of yesterday over 85-percent of the total Bitcoin supply has been mined. But seriously, there’s no need to worry.
According to various Bitcoin blockchain explorers and market information websites, over 17,850,000 Bitcoin (17,850,600 according to CoinMarketCap) have been mined and are classed as being “in circulation.” That’s a hair over 85 percent of the cryptocurrency‘s supply limit of 21 million coins. As a result, there are just over 3,000,000 Bitcoins left to mine, until we inch closer to that fabled 21 millionth coin.
There’s no need to panic, though. The fact that Bitcoin has a limited supply is generally regarded as a good thing, it gives the coin anti-inflationary properties. In other words, Bitcoin‘s finite supply gives it scarcity and value, preventing it from being devalued by a limitless supply.