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90% of all bitcoins have now been mined — but the remaining 10% will take over 100 years to reach open market
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markets.businessinsider.comSean Gladwell
As of Monday, 90% of all bitcoins have been mined, according to data from Blockchain.com, 12 years after miners acquired the first-ever bitcoins.
That means about 18.9 million coins out of the maximum supply of 21 million are now on the open market. But mining the final 10% isn't expected to happen until February 2140, based on network estimates and bitcoin halving schedules, CoinDesk reported.
Bitcoin halving — which happens approximately every four years — is when the number of new bitcoins entering circulation shrinks.
The halving process will continue to make mining more challenging. Right now, miners receive about 6.25 bitcoin for every mined block, but this will drop by half in 2024.
Meanwhile, an estimated 20% bitcoin
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