The last Bitcoin $BTC has been mined:
Bitcoin undergoes a halving narrative every four years, with mining rewards halved from the initial 50 BTC down to the current 3.125 BTC, and the next halving will fall into the 1.5625 BTC range. The ultimate goal of this deflationary game is a constant total supply of 21 million coins—currently, 19.85 million have been circulated, leaving approximately 1.15 million coins yet to be mined.
Based on the halving schedule, the last Bitcoin is expected to be mined by the end of 2140. As block rewards approach zero, miner income will fully shift to transaction fees, and the security of the blockchain will rely on the market's ongoing demand for transfer services.
As we stand at the 2025 milestone, the price of Bitcoin is fluctuating around $94,000. Although it has slightly retreated from the early year's high of $109,000, the narrative of its scarcity as digital gold continues to inject imagination into the countdown of this ongoing century-long mining conclusion. What paradigm shift will the economic model of the crypto world face when the last satoshi reaches the end of circulation?
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