đ Has the 20-Millionth Bitcoin Been Mined? Not Yet! â
The Bitcoin community recently buzzed with claims that the 20-millionth BTC had been mined. However, Jameson Lopp, a well-known cypherpunk and software engineer, pointed out a crucial mistake in the data displayed by Bitbo, a popular on-chain dashboard.
đ Key Insights:
đ Bitboâs Incorrect Display: The platform showed 20,000,543 BTC in circulation, suggesting the milestone had been reached.
â ď¸ Reality Check: Lopp clarified that Bitcoinâs actual supply is 19,843,807 BTC as of now.
âł Still to Be Mined: There are 1,155,974 BTC yet to be mined before reaching the 21M cap.
đ§ Why the Confusion?
Lopp suggests Bitbo might be using a proprietary calculation method rather than pulling data from a full Bitcoin node, leading to inaccurate figures.
âď¸ Bitcoinâs Fixed Supply Reminder
With Bitcoinâs hard-coded supply limit of 21 million BTC, only ~5.5% remains to be mined. The next halving in April 2024 will slow issuance even further, keeping Bitcoinâs scarcity narrative strong.
đ Always verify on-chain data from trusted sources to avoid misleading information! â $BTC #WYSTStablecoin #Bitcoinmining