Bitcoin Fundamental Metrics
Bitcoin has a predetermined supply schedule, with the
rate of coin issuance declining by 50% every 210,000
blocks (approximately every four years). The total
circulating supply is currently 19.696 million BTC, and the
issuance rate has recently halved from 6.25 BTC/block to
3.125 BTC/block on April 20, 2024.
These newly mined coins represent a significant
proportion of the revenue stream to Bitcoin miners, with
the halving events reducing this income by a significant
margin. As the Bitcoin network grows over time, the USD
exchange rate and increases in transaction fees from
users become increasingly important to offset the
decline in newly mined coins as a reward.
