How many Bitcoins are there? Just 9% left!
Bitcoin saw more than 19 million coins of the 21 million maximum supply in circulation at the beginning of April 2022. This has made it easy for miners to answer the question, 'how many Bitcoins are out there to mine?'.
Bitcoin is the most popular digital asset, and the largest by market capitalisation.
On April 1, 2022, SBI Crypto mined the 19th million block, which was termed '730002'. As of writing, BTC's circulating supply was 19,017,800. This milestone has sent waves across the crypto finance market, with many novices or beginner traders asking how many Bitcoins there are. When Satoshi Nakamoto created Bitcoin in 2009, he released a maximum supply of 21 million BTCs.
Why is it important?
Fewer than 2 million BTCs are left to be mined. This provides closure to investors and miners that want to know how many Bitcoins are there now.
Bitcoin is involved in millions of transactions daily.
Although it would take until the year 2140 before the last BTC is mined, the attribute of scarcity has started trending across social media and search engines (DuckDuckGo, Bing, Yahoo Search, and Google).
Since scarcity is an attribute that confers value on a currency, in addition to durability, non-counterfeitability, utility, divisibility, and transferability, many stakeholders of the crypto finance space have started making bullish forecasts about the digital gold.
Among them is New York-based certified public accountant Kate Waltman, who specialises in crypto and predicted a $100,000 valuation for BTC in 2022.
Jurrien Timmer, the global macro director at Fidelity Investments, projects BTC could reach $100,000 in 2022.
Bitcoin could command the least possible price of $100,000 and the best possible price of $150,000 by the close of 2022, per the analysis of Ian Ballina, the founder of Token Metrics (a crypto research and media company).
Blockchain data analyst Matthew Hyland foresees BTC reaching the $100,000 price milestone in 2022.
The chief executive officer of Parallax Digital (digital assets marketing and consulting firm), Robert Breedlove, believes BTC has the potential to reach $12.5 million in 2031.
Bitcoin’s driving factors that could lead to a rally in 2022
As of writing, there are more than 19,000 cryptos on the market. Since BTC is the first blockchain-backed cryptocurrency, it is not surprising to come across questions such as how many types of Bitcoins are there.
There is one Bitcoin and its price patterns affect other tokens, which are collectively called alternate coins (altcoins).
Although Bitcoin is a primary driver of the price of thousands of coins, these drivers need to kick in for experts' valuations to come to fruition in 2022.
The aura of scarcity will undoubtedly throw more liquidity into Bitcoin. In addition to this, mainstream adoption of Bitcoin will play an invaluable role in the token’s valuation. What’s more, the improvement of Bitcoin’s ecosystem with the triggering of the Taproot upgrade in November 2021 could see more decentralized applications and protocols (dApps) add more weight to the token.
With the clampdown on mining rigs by China and India, Bitcoin will thrive in more mining-friendly countries so that more coins will be added into circulation.
You should not forget that as proof-of-work (POW) networks, Ethereum mining revenue beat Bitcoin in the first quarter of 2022. Lastly, Bitcoin could reach new milestones if favorable regulations are implemented.
Billions of people still consider BTC as a coin that is involved in dark web activities due to its appearance in several cybersecurity reports.
Once BTC gains the backing of major economies globally, it would be easy for the token to spike and reach new high highs.
As of writing, BTC still trades in a bearish cycle and needs whales/institutional investors to push its price to new milestones.
Frequently Asked Questions
How many Bitcoins are available?
There are 1,892,200 BTCs left to be mined as of April 21, 2022.
How many Bitcoins are there in total?
There are 21 million BTCs in maximum supply.
How many Bitcoins were there in 2010?
The first block was mined on January 9, 2009, and consisted of 50 Bitcoins. By the end of 2010, there were approximately 3,396,000 BTC mined.
Author: Raphael Darkwah
Raphael Darkwah/ Albert Zuhnden (preferred pen name) is a crypto finance expert who has covered several projects since taking a stake in Bitcoin in 2016. He has covered NFTs, decentralized finance, decentralized cloud storage networks, stablecoins, and several blockchain projects. He believes blockchain technology could revolutionize the world of work and money.