Due to my research, I discovered that we have about 21 million BTC. 19.9 million BTC has already been mined, remaining 1.1 million BTC.
No exact data for what has been mined and what is left to be mined. 19.5-19.8 million bitcoin is what has been mined so far, with the percentage of the total bitcoin already mined to be 93-94% of total supply. We still have about 6-7% of total supply left to be mined with an estimated year to be completed to be 2140. So sad, we’ll all be gone by then🥺
So, I want to know what will happen when the remaining 1.1 million BTC get mined.
Is it that there would be no bitcoin again for people to mine afterwards?
Yes, there will be no bitcoin for people to mine afterwards. Miners will still be actively mining to help in processing of transactions as they’re actively doing now while still mining new coins into the blockchain. Miners will continue to maintain the security and the functionality of the Bitcoin network even after all Bitcoin has been mined.
What will become of the future of bitcoin when the total 21 million BTC is completely mined?
The future is uncertain and no one can tell what will be of Bitcoin by then. We won’t also live to see what will become of Bitcoin. But one thing is for sure, Bitcoin will be scarce and its value will increase. Changes may even occur in response to economic conditions which may demand for new innovations and technologies.