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Crypto

Bitcoin's Mined Supply Surpasses 20 Million

Guavy AI Editorial Team
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Binance founder Changpeng Zhao (CZ) has announced that over 20.07 million Bitcoin has been mined, reaching 95.6% of its maximum supply of 21 million.

This cumulative mined supply is a significant milestone for the cryptocurrency, as it underscores the scarcity that underpins its value proposition.

CZ estimated that 10% to 20% of existing $BTC has been lost or is inaccessible, leaving those tokens permanently unrecoverable.

The effective circulating supply would be between 16.06 million and 18.06 million $BTC if CZ's estimate holds true, making Bitcoin even scarcer than its nominal supply suggests.

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