How many bitcoins are there in 2024?
As of July 5, 2024, there are 19.72 million Bitcoins in circulation. This number changes about every 10 minutes as new blocks are mined and new bitcoins are created.
Source: CoinMarketCap
How many Bitcoins will ever be created?
There will only ever be 21 million Bitcoins. This is a key feature of Bitcoin's design and is meant to keep the currency scarce and valuable.
How many Bitcoins are left to be mined?
As of July 5, 2024, there are 19.72 million Bitcoins in circulation out of a total supply of 21 million. This means there are only 1.28 million Bitcoins left to be mined. All 21 million Bitcoins are expected to be mined by the year 2140. This is due to the Bitcoin halving events, which reduce the reward for mining new blocks approximately every four years. As the reward decreases, the rate at which new Bitcoins are mined slows down.
Here’s a timeline of how this process works:
| Year | Bitcoin reward per block | Approximate Bitcoins left to be mined |
|---|---|---|
| 2024 | 3.125 BTC | 1.28 million BTC |
| 2028 | 1.5625 BTC | 0.64 million BTC |
| 2140 | Nearly zero | All 21 million BTC will be mined |
What better way to welcome you than with a bonus?
Start trading with a $30 bonus on your first deposit.
Terms and Conditions apply
Why does it take so long?
The Bitcoin reward for mining new blocks is cut in half about every four years. This means:
- 2009-2012: 50 BTC per block
- 2012-2016: 25 BTC per block
- 2016-2020: 12.5 BTC per block
- 2020-2024: 6.25 BTC per block
- 2024-2028: 3.125 BTC per block
The reward will keep decreasing until it eventually approaches zero, and the final Bitcoin will be mined around the year 2140.
How many Bitcoins does Satoshi Nakamoto have?
Nobody knows the exact number, but it is estimated that Satoshi Nakamoto holds about 1.1 million BTC, which is worth around $59.85 billion as at the time of this writing.
Who is Satoshi Nakamoto?
Satoshi Nakamoto is the pseudonymous person or group of people who created Bitcoin. Satoshi released the original Bitcoin whitepaper in 2008 and launched the Bitcoin network in January 2009. This groundbreaking project introduced the concept of a decentralized digital currency, which allows users to send and receive payments without the need for a central authority.
Satoshi Nakamoto’s involvement in Bitcoin was pivotal in its early days. They designed the core protocol, wrote the initial code, and mined the first blocks. However, Satoshi gradually reduced their involvement over time and has been absent from public communication since around 2010-2011.
Capitalise on volatility in cryptocurrency markets
Take a position on moving cryptocurrency prices. Never miss an opportunity.
How did Satoshi get involved in Bitcoin?
- 2008: Satoshi Nakamoto published the Bitcoin whitepaper, titled "Bitcoin: A Peer-to-Peer Electronic Cash System". This document described a new form of digital money that uses cryptography and a decentralized network to enable secure transactions without a central authority.
- 2009: Satoshi released the first Bitcoin software and mined the genesis block (Block 0), which started the Bitcoin blockchain. They continued to develop the software and communicate with the early Bitcoin community through forums and email.
- 2010-2011: Satoshi gradually stepped away from the project, passing development responsibilities to others in the Bitcoin community. Their last known communication was in 2011, after which they completely disappeared from public view.
Source: bitcoin.org
Why trade Bitcoin with TradingMoon?
TradingMoon, a regulated and award-winning CFD broker, allows you to not only trade and track the live Bitcoin price chart, Ethereum price, and also 1000+ other assets including Forex, Stocks, Commodities, and more in the form of CFDs, meaning you speculate on the price movements without owning the underlying assets. A reminder past performance is not indicative of future results. Here’s why you should consider TradingMoon:
- Low spreads and fees
- Advanced trading platforms including MT4 and cTrader
- Leverage
- Secure and regulated
Ready? Open a free TradingMoon account today and start exploring your favorite assets.
