What year will the last Bitcoin be mined?
After all 21 million bitcoin are mined, which is estimated to occur around the year 2140, the network will no longer produce new bitcoin. The block subsidy will go to zero but miners will continue to receive transaction fees, which will make up an ever greater portion of the block reward.
Only 21 million bitcoins can ever be mined — but projections say the last won't be mined until around 2140. A major constraint on how many bitcoins there are is the block reward halving process — and a halving event is expected in April 2024.
The halving events will continue until the last bitcoin is expected to be mined around the year 2140. After this, miners will only earn from transaction fees.
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2028 | $359,657.03 | $422,196.78 |
| 2029 | $517,096.29 | $619,176.08 |
| 2030 | $746,322.36 | $889,947.00 |
| 2031 | $1,103,061.68 | $1,334,505.54 |
It's estimated that the last bitcoin will be mined around 2140, bringing the supply to a total of 21 million. ➤ Learn more about Bitcoin's emission schedule. Bitcoin's hard cap is central to its value proposition, both as a money and an investment.
When all bitcoin have been mined, miner revenue will depend entirely on transaction fees. The price and purchasing power of bitcoin will adjust to the lack of new supply. The scarcity of Bitcoin will make it more attractive to investors and users.
As of March 2023, the top 1% of Bitcoin addresses hold over 90% of the total Bitcoin supply, according to Bitinfocharts.
After all bitcoins are mined, miners will no longer receive block rewards for verifying transactions, but will instead earn transaction fees. It's estimated that all bitcoins will be mined by the year 2140, at which point the last block reward will be released.
While the immediate impact on Bitcoin's price may not be significant, the halving is expected to have long-term effects on the supply and demand dynamics of the cryptocurrency. As the supply of new coins decreases, Bitcoin's scarcity increases, which could potentially lead to price appreciation over time.
Only 21 million bitcoins will ever exist, and more than 19.5 million of them have already been mined, leaving fewer than 1.5 million left to pull from. So long as demand remains the same or climbs faster than supply, bitcoin prices should rise as halving limits output.
How much will $100 Bitcoin be worth in 10 years?
A $100 investment in Bitcoin could purchase 0.00607 BTC today based on a price of $16,466.14 at the time of writing. If Bitcoin hits the $1 million price target by Wood in 2030, the $100 investment would turn into $6,070. This represents a gain of 5,970% from now until 2030.
With the launch of potentially more Bitcoin-related financial services and the global adoption spark of Bitcoin, BTC prices will maintain a bullish trend in 2025. The cryptocurrency is expected to create a high of $140,449 with a low of $61,357.
There is a cap of 21 million bitcoins that will ever be produced, and every so often the amount of bitcoin awarded for validating a block is halved. There is no set date for the next halving—it depends on how many blocks are validated.
As Bitcoin finds its largest market cap yet — making 2024 another winning year for BTC — we look at the top 10 holders as of March 2024. The top Bitcoin holder is still believed to be Satoshi Nakamoto, the anonymous creator of Bitcoin, who reportedly holds around 1.1 million BTC across many wallets.
Known for her innovative investment approach, Cathie Wood predicts Bitcoin will surpass $1 million sooner than her previous estimate of 2030.
“Miners need their revenues to be more than their costs, like any business,” Malekan says. “What is likely to happen after the halving is that some miners will no longer be profitable, and they will stop mining.”
By 2040, Bitcoin could surpass $1 million and reach a high point of $1.16 million, which would be a +2,275% increase compared to today's prices.
The number of Bitcoins will never reach the 21 million BTC cap. Instead, the supply will continue to approach the limit before completely halting at a block height of 6,930,000 around the year 2140.
As of June 2022, there are about 2 million bitcoins (BTC) left to be mined, which means that there are nearly 19 million currently in existence.
How many people own 1 full Bitcoin? According to the blockchain analysis platform BitInfoCharts, more than 1 million wallet addresses hold at least 1 BTC.
What family bought Bitcoin at $900?
In 2017, Taihuttu, his wife, and three daughters liquidated all they owned, trading a 2,500-square-foot house and virtually all their earthly possessions for bitcoin and a life on the road. This was back when the price of bitcoin was around $900. Bitcoin is currently trading around $19,700.
The name "Satoshi Nakamoto" is the pseudonym for the person or people who introduced the concept of Bitcoin in a 2008 paper.1 Nakamoto remained active in the creation of Bitcoin and the blockchain until about 2010 but has not been heard from since.
The maximum amount of Bitcoins that can be issued is limited to 21 million. This number is also called 'max supply'. This limit was introduced by Satoshi Nakamoto since the creation of the cryptocurrency to curb inflation and make crypto scarce and therefore more valuable.
Bitcoin halving is when the reward for bitcoin mining is cut in half. Halving takes place every four years. The next halving is expected to occur sometime in 2028. The halving policy was written into bitcoin's mining algorithm to counteract inflation by maintaining scarcity.
This halving, scheduled to occur on or about April 20, will reduce Bitcoin's supply growth to roughly 0.8% a year. The effect of halvings has historically been dramatic, and this one is shaping up to be just like the past. Here's why Bitcoin is still worth buying before April 20.
