There are now 17 million bitcoins in existence — only 4 million left to ‘mine’


  • The 17 millionth of 21 million bitcoins that will ever exist was “mined” Thursday, according to data from Blockchain.info.
  • “It’s an event that makes the market more aware of the scarcity of bitcoin. It will eventually turn into higher prices,” said Ansel Lindner, a bitcoin investor and host of the “Bitcoin & Markets” podcast.
  • Due to rules behind the “mining” process, the remaining 4 million coins aren’t expected to be mined completely for another 122 years.

More than 80 percent of the bitcoins that will ever exist have now been created.

The 17 millionth bitcoin was “mined” Thursday, according to data from Blockchain.info, more than a year since the number of coins topped 16 million. But only 21 million bitcoins will ever exist, according to the design of the cryptocurrency’s anonymous founder known as “Satoshi Nakamoto.”

“It’s an event that makes the market more aware of the scarcity of bitcoin. It will eventually turn into higher prices,” said Ansel Lindner, a bitcoin investor and host of the “Bitcoin & Markets” podcast. He expects this year, bitcoin could surpass its record high of more than $19,000 hit in December.

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