Bitcoin has crossed another historic threshold. This is evident from data 20 million BTC have now been minedjust leave another million coins in circulation from the network’s hard cap of 21 million.
According to Glassnode it is reaching this milestone took 6,267 days since Bitcoin’s genesis block in January 2009. However, production of the remaining supply will take significantly longer due to the protocol’s programmed scarcity model.
According to Bitcoin’s current issuance schedule, the The final BTC is expected to be mined around 2140. This means that the last million coins will take approximately 114 years be created.
The milestone underlines Bitcoin’s design as a finite digital asset, with supply growth slowing over time through periodic halving of block rewards.
Bitcoin’s network growth accelerated faster than supply issuance
Although Bitcoin’s supply has gradually expanded, data about the chain suggests that network adoption and activity have grown much faster.
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Glassnode’s milestone data shows how quickly the network reached various activity thresholds of 20 million levels, compared to the time it took to mine 20 million BTC.
For example:
- 20 million transactions took place afterwards 1,636 days
- 20 million addresses made taken 1,756 days
- 20 million addressesS with a non-zero balance lasted approximately 3,197 days
- 20 million monthly active addresses emerged afterward 3,248 days
On the other hand the delivery milestone required 6,267 dayswhich reflects Bitcoin’s deliberately slow issuance schedule.
This difference illustrates an important feature of the network’s economic model: demand and activity can grow rapidly. At the same time, the supply expansion remains fixed and predictable.
Selling pressure from miners remains subdued
Despite the recent volatility in the crypto markets, indicators suggest that Bitcoin miners are not aggressively selling their holdings.
Data from CryptoQuant Miner Position Index [MPI] shows the statistics that are currently present -1.6indicating that BTC transfers from miners to exchanges are below historical averages.
Source: CryptoQuant
The MPI tracks the outflow of miners compared to their annual average. Negative readings typically indicate that miners are holding coins rather than distributing them, which can reduce selling pressure in the market in the short term.
This behavior comes as Bitcoin approaches $68,000following a period of broader market weakness in the major cryptocurrencies.
The scarcity story becomes stronger as supply approaches its limit
Of over 95% of Bitcoin’s total supply is now minedthe network is entering a phase in which new issues are becoming increasingly limited.
With each halving event, the block rewards are halved, gradually reducing the number of new coins entering circulation. As a result, the remaining supply will be distributed more slowly over the next century.
For many investors, the combination of fixed supply and growing network usage remains central to Bitcoin’s long-term value proposition.
Final summary
- Bitcoin has reached a historic milestone: 20 million BTC have been mined, meaning only one million more coins will be issued in the next century.
- On-chain data suggests that selling pressure from miners remains low even as Bitcoin nears $68,000 amid broader market volatility.