The number of Bitcoin is becoming rare as only 9% is left to be mined for the next century, according to data from the Clark Moddy Bitcoin's dashboard.
The data platform shows that 91% of the Bitcoin has been mined, leaving less than 1.9 million units of BTC to be issued, while the total fixed supply of 21 million BTC remains unchanged. This scarcity of BTC could intensify the inflation of Bitcoin in the long term due to limited total supply, given that part of Bitcoin’s liquidity is locked up among whales.
Subject to the mechanism of halving, referring to an exponential and periodic deduction reward rate for generating every new block of the crypto unit during the mining process, the reward of BTC mining has been halving three times over the last decade. Currently, crypto miners can be rewarded $6.25 BTC per block of crypto units. The next Bitcoin halving is expected to occur around April or May in 2024, followed by another mining halving reducing to 3.125 BTC for its rewards.
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