Bitcoin mining supply has fallen below the 1.19 million threshold on the verge of wider adoption

The year 2024 has been full of major milestones for Bitcoin, from reaching all-time highs to several governments considering a Bitcoin reserve. However, data reveals that there are less than 1.19 million Bitcoins left to be mined.

Unmined Bitcoin is becoming more scarce in terms of remaining supply as more of the world begins to warm up to the idea of ​​adopting Bitcoin (Bitcoin) on a larger scale.

Data from Clark Moody revealed that there is Only 1,198,640.60 Bitcoins had been mined by December 26. Meanwhile, up to 94.29% of Bitcoins has already been issuedwith 220.32 BTC not valid for payments.

Eight countries, including Venezuela, China and most recently Russia, have banned Bitcoin mining due to energy concerns. Meanwhile, higher energy tariffs have led to an increase in Bitcoin mining beloved Ever in countries that allow it.

according to Data From crypto.news, Bitcoin has a circulating supply of 19.8 million BTC with a maximum supply of 21 million BTC.

Bitcoin's market capitalization is approximately $1,890 trillion, maintaining its dominance as the cryptocurrency with the largest market cap. In the past 24 hours, Bitcoin has fallen by 3.4%. At the time of writing, BTC is currently trading at $95,280.

Bitcoin also has a fully diluted valuation of $2,004 trillion and a 24-hour trading volume of $41 billion.

Bitcoin mining supply has fallen below the 1.19 million threshold on the verge of wider adoption - 1
Bitcoin price chart within 24 hours of trading December 26, 2024 | source: crypto.news

On December 17, Bitcoin reached an all-time high, peaking at $108,280. Cryptocurrency first crossed The $100,000 threshold was set on December 5 after a bull run in the cryptocurrency market fueled by Donald Trump's victory in the US presidential election.

Trump has declared countless times that he wants to make the United States the cryptocurrency capital of the world, with plans to create a cryptocurrency board and create a national bitcoin reserve. On December 16, Trump meet With Crypto.com CEO Chris Marszalek to talk about the US Strategic Bitcoin Reserve drafts within the Treasury Department's Exchange Stabilization Fund.

Michael Saylor, CEO of MicroStrategy, the world's largest bitcoin holder, shared a an offer On December 21, he details plans for a Bitcoin reserve that could generate between $16 trillion and $81 trillion for the US Treasury.

Similar steps were taken in other regions, one of them being the European Union, when he was a member of Parliament Sarah Knavo He urged the EU to “bet on Bitcoin” by building up national strategic Bitcoin reserves.

In addition, one of the country's representatives urged Russia to consider creating a strategic bitcoin reserve in the country. Earlier, Brazilian lawmakers proposed a bill that would limit Brazil's reserves to up to $18.5 billion in Bitcoin.



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