Bitcoin supply is indeed limited to a maximum level of 21 million coins, with the entire cryptocurrency being mined by 2140. Today, there are 19.18 million BTCs in circulation, which is more than 91 percent of the supply limit.

Bitcoin supply and rate data

So how will Bitcoin mining continue for another 118 years? The reason for that is the Halving procedure, which is the process of halving the bitcoin mining reward for a block. This takes place every 210,000 blocks, or once every four years or so. That is, if now miners are getting 6.25 BTC per mined block, after the next halving the rate will decrease to 3.125 BTC.

And because blocks will be mined for the same ten minutes on average, new bitcoins will be less and less actively traded.

Countdown to Bitcoin Halving

That said, there’s about a year and a half left before halving.

Why Bitcoin is being bought

According to experts, Bitcoin has evolved into a “far from normal” financial instrument over the course of its existence. “The norm” in the current state of the macroeconomy is considered high inflation and governments’ efforts to combat it. Here’s a quote from experts cited by Cointelegraph.

So Bitcoin could soon stand in stark contrast to the path the world and traditional currencies will take – namely increasing supply, creating additional money supply and expanding central bank balance sheets.


High inflation is indeed a pressing issue. For example, new data for the US inflation or consumer price index became known on 13 October. The index rose by 8.2 per cent year-on-year. At the same time, core inflation stood at 6.6 per cent.


US public debt to GDP

The report pays attention to the strengthening of the US dollar, which was partly provoked by the Federal Reserve’s constant rise in the base lending rate. However, experts consider the crisis of the British pound sterling to be particularly important.

Dollar index

Back in September the British pound showed weakness against the dollar and other major currencies. The value of the pound fell to its lowest since the 70s. Similarly, the euro has fallen to its lowest level in twenty years. All this is having a negative impact on the European economy, which is quite predictable for the current environment.

Exchange rate of the British pound to the dollar

The report concludes with the following quote.

More easing of the money supply may be required to alleviate the high debt burden amongst advanced economies, while recent events in the UK have highlighted the counterparty and liability risks in the system, making monetary intervention and doses of liquidity things that are unlikely to disappear anytime soon.

Against this backdrop, Bitcoin will remain one of the few assets whose supply in the market will remain stable. This is not necessarily a plus – only investors will decide how attractive this cryptocurrency property can be considered. But the very fact of its uniqueness already makes BTC a good candidate for capital investment in times of crisis.

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So far, BTC has been more actively bought up by investors with relatively small capital – the volume of bitcoins in their wallets reached an all-time high the day before. According to CryptoPotato’s sources, in parallel, the volume of BTC in “whales” wallets reached its lowest level in the last three years. This was stated by experts at analyst platform Santiment in their recent market analysis.

According to their classification, “whales” should be called all those whose capital is between 100 units and 10 thousand BTC. Over the past few months, they have been actively selling their bitcoins – most interestingly, this coincided with the cryptocurrency’s local growth in September.

Data on the amount of BTC in the wallets of different investors

In the chart above, the portion of their BTC in the total supply of the coin is indicated by the blue line. A similar figure for investors with smaller capital – that is, between 0.1 and 10 BTC – is indicated by the red line. Finally, the total capitalisation of the most popular USDT and USDC steiblocoins is marked in yellow. This, by the way, fell to its lowest level since December 2021.

This trend is interesting because market players with the least amount of BTC in their account usually start actively buying bitcoins on the crypto hype. However, there is no hype itself right now – the main cryptocurrency has been trading in the $20,000 zone with low volatility for quite some time. Accordingly, such conditions are unsuitable for novice crypto investors and just speculators because the market in its current form does not imply stable opportunities for fast earnings, as it did in 2021.


Satoshi Nakamoto's idea of a limited supply of cryptocurrency and a gradual reduction in issuance does not seem to lose its relevance. Moreover, it seems genius in the current environment, as most economies around the world are facing serious devaluation of their own currency. And while BTC has also slipped from its November record by 70 percent, the cryptocurrency will not need to dramatically increase its own supply as it does with fiat to normalize the situation and further bull run. So there are plenty of reasons to mess with Bitcoin and other coins even now - in a bearish market trend.


Will all of this be a precursor to a new local jump in the price of BTC? Follow the situation in our millionaires cryptochat. There we will discuss other important developments in the blockchain and decentralization industry.