I just checked the Bitcoin supply data, and we are approaching 20 million BTC mined. This number shows how far we have come in Bitcoin mining history.

What’s interesting is what will happen in the future. The remaining Bitcoin to be mined is only about 1 million out of the total supply of 21 million. But this doesn’t mean we just wait a few more years for everything to be finished. On the contrary, these last millions will take much longer to mine than what we have achieved so far.

Calculations indicate that it will take approximately another 114 years to mine the remaining Bitcoin. This is because the built-in halving mechanism in the Bitcoin protocol causes mining rewards to decrease over time. The fewer the rewards, the longer the overall mining process.

This has interesting implications for the long-term coin market. This programmed scarcity is one of the reasons why Bitcoin remains relevant in the global coin market. Unlike fiat currencies that can be printed endlessly, Bitcoin has a truly fixed hard cap. The limited supply and increasing difficulty to obtain it are fundamental factors that keep Bitcoin attractive for long-term investors.

So basically, we are witnessing a mining process that is slowing down but becoming more valuable. Each Bitcoin mined in the future will be scarcer and harder to obtain. This is a technical reality rarely discussed but very important to understand the dynamics of the Bitcoin coin market in the coming decades.