According to Odaily, data from Incrementum indicates that by November 2025, 95% of Bitcoin blocks will have been mined. This significant milestone in the cryptocurrency's lifecycle highlights the rapid pace at which Bitcoin is approaching its maximum supply limit. The mining process, which involves solving complex mathematical problems to validate transactions and secure the network, is a crucial aspect of Bitcoin's decentralized system.
As the mining process continues, the supply of Bitcoin is gradually approaching its cap of 21 million coins. By September 2034, it is projected that 99% of Bitcoin's total supply will be in circulation. This gradual reduction in the rate of new Bitcoin entering the market is designed to mimic the scarcity of precious metals like gold, thereby potentially increasing its value over time. The diminishing supply rate is a fundamental feature of Bitcoin's economic model, aimed at ensuring its long-term sustainability and value retention.
