Quick overview

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It marks one of the most important milestones in the history of Bitcoin: the network has reached the issuance of 20 million coins, just short of its maximum supply.

Out of the protocol’s hard cap of 21 million bitcoins, more than 95% are now already in circulation.

This means that only 1 million coins remain to be mined, a process that will unfold gradually over more than a century due to the reward-reduction mechanism known as Bitcoin Halving. As a result, the monetary system established when Bitcoin was created in 2009 continues to demonstrate its predictable supply schedule.

It is a unique phenomenon for the digital network, as our generation will likely not witness the issuance of the final million bitcoins.

Bitcoin navigates global headwinds

It has been six months since Bitcoin reached its all-time high in October. Since then, the cryptocurrency has fallen by nearly 40%, largely due to instability in the global economic environment, ranging from weak U.S. data to geopolitical conflicts such as the ongoing tensions involving Iran.

Currently, Bitcoin is trading around $69,061, approaching the key $70,000 level, which investors are watching closely as an important support threshold.

Despite these challenges, Bitcoin has shown resilience amid the current macroeconomic and geopolitical environment. Since the start of the conflict involving Iran, Israel and the United States, the asset has gained roughly 3.5%, trading near $68,000 and outperforming several traditional assets.

Over the same period, Gold has declined by about 5% and Silver has fallen 12%, while equity benchmarks such as the Nasdaq‑100 and the S&P 500 have posted modest losses—suggesting that Bitcoin has remained relatively stronger than many traditional markets.