Total Bitcoin supply hits 90% mined, how long will the last 10% take?

Bitcoin has just passed a significant milestone as nearly 90% of its circulating supply has been successfully mined over 13 years.

1 minute & 10 seconds read time

As Bitcoin is struggling to maintain the $48,000 price range, the famous cryptocurrency has reached a major milestone in its history.

Total Bitcoin supply hits 90% mined, how long will the last 10% take? 02

A report from CoinDesk states that Bitcoin's circulating supply has crossed the 18.89 million Bitcoin mark, which means that 90% of the total 21 million supply of Bitcoin has successfully been mined. It took 12.9 years to mine 90% of the total supply of BTC, with the first Bitcoins being mined on January 9, 2009.

According to the publication, it will take a staggering 112 years to mine the remaining 10%, with the estimated time frame for completion is sometime in February 2140. Bitcoin's value has been in a downwards trend ever since it reached its new all-time high of $69,000 back in November, and with the digital asset already down 30%, some are wondering if the range the coin is currently sitting at is the bottom. To find out more, check out the below link.

Read more: Bitcoin price takes another hit, but have we reached the bottom?

"The Bitcoin circulating supply has now passed 18.9M BTC, which is 90% of the total 21M coins that will ever exist. It took 12.9yrs to mine the first 90% of the supply and will take approximately 112yrs to mine the remaining 2.1M," Glassnode noted.

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Jak joined the TweakTown team in 2017 and has since reviewed 100s of new tech products and kept us informed daily on the latest science, space, and artificial intelligence news. Jak's love for science, space, and technology, and, more specifically, PC gaming, began at 10 years old. It was the day his dad showed him how to play Age of Empires on an old Compaq PC. Ever since that day, Jak fell in love with games and the progression of the technology industry in all its forms. Instead of typical FPS, Jak holds a very special spot in his heart for RTS games.

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