It will take 119 years to mine the last 10% of Bitcoin’s supply

Why Bitcoin is the hardest asset of the universe

As of now, 18,901,503.17967018 BTC have been issued. That’s more than 90% of the total supply.

Every ten minutes, a miner collects his hard-earned reward for adding a new block to the chain. Every 210,000 blocks (≈ 4 years), that reward gets cut in half. It started with 50 BTC in 2009 and is currently at 6.25 BTC.

With each halving, half as many new bitcoin will enter the market. This concept of diminishing incoming supply is the basis of the Stock-to-Flow model by PlanB and one of the reasons bitcoin is seen as a store of value.

It also means that it will take more than a century to mine the remaining two million bitcoin. The perfect inflation-hedge.