Bitcoin: 20 million units mined, a historic milestone
Seventeen years after its creation, the Bitcoin network has surpassed 20 million bitcoins mined, leaving only one million units to be extracted by 2140. This programmed rarity, set by founder Satoshi Nakamoto at 21 million, distinguishes Bitcoin from traditional currencies and contributes to its appreciation.
The mining process, which rewards transaction validators, is slowed by "halvings" every four years, halving the rewards. This mechanism, coupled with transaction fees, ensures the sustainability of the network even after mining is exhausted. The limited supply and the safe-haven function of Bitcoin, particularly in times of geopolitical uncertainty, support its potential for future valuation.
BTC
66,275.9
-0.77%