Limited Supply: Bitcoin has a maximum supply of 21 million coins, and as of March 2023, more than 19 million have been mined. Remaining bitcoins: There are approximately 1.5 million bitcoins left to be mined.
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Over 19 million bitcoins have been mined and are in circulation, leaving approximately 1.5 million left to be mined.
Bitcoins: Bitcoins are created through a process called mining, which involves solving complex mathematical equations to verify transactions on the Blockchain network.
After all bitcoins are mined, miners will no longer receive block rewards for verifying transactions but will instead earn transaction fees.
It’s estimated that all bitcoins will be mined by the year 2140, at which point the last block reward will be released.
If a Bitcoin is lost or destroyed, it cannot be recovered, which can decrease the total supply of Bitcoins and increase their overall value.
The 21 million Bitcoin supply limit ensures that the cryptocurrency is deflationary in nature and sets it apart from fiat currencies, which are typically inflationary.