Binance founder CZ: Only 4.4% of the Bitcoin supply remains to be mined; actual circulating supply is even scarcer
On August 15, Binance founder CZ posted on the X platform stating that, as of this August, more than 20.07 million BTC have been mined, leaving just 4.4% of the supply still to be mined.
He also estimated that 10%-20% of the mined bitcoins have permanently left the market due to being lost/frozen/can’t be recovered, so Bitcoin is essentially a deflationary asset.
User Aman added that over 20 million BTC have been mined, with fewer than 1 million BTC left to be produced. But permanently lost coins also mean the actual circulating supply is far lower than the nominal supply. Therefore, effective circulating supply is the key to BTC’s scarcity.
User Aman Sai further added that although Bitcoin’s maximum supply is 21 million, the actual circulating amount may be lower due to permanently lost coins—the true available supply is what determines scarcity.
CZ replied that many long-term holders basically don’t move or spend their BTC. This market phenomenon also further exacerbates the scarcity of effectively tradable Bitcoin.
In summary, CZ’s remarks are intended to refocus the market’s attention on the underlying logic of Bitcoin’s scarcity: the remaining 4.4% to be mined, the roughly 10%-20% permanently lost ratio, and stable holdings by long-term holders—all point to BTC’s deflationary characteristics.
And from the perspective of supply and demand, the fewer BTC the market has available for trading, the more sensitive the price becomes to changes in demand—providing solid hard-core support for its long-term value. This is not just a viewpoint forecast, but also an important signal prompting the market to reassess scarcity.
#CZ #BTC稀缺性
On August 15, Binance founder CZ posted on the X platform stating that, as of this August, more than 20.07 million BTC have been mined, leaving just 4.4% of the supply still to be mined.
He also estimated that 10%-20% of the mined bitcoins have permanently left the market due to being lost/frozen/can’t be recovered, so Bitcoin is essentially a deflationary asset.
User Aman added that over 20 million BTC have been mined, with fewer than 1 million BTC left to be produced. But permanently lost coins also mean the actual circulating supply is far lower than the nominal supply. Therefore, effective circulating supply is the key to BTC’s scarcity.
User Aman Sai further added that although Bitcoin’s maximum supply is 21 million, the actual circulating amount may be lower due to permanently lost coins—the true available supply is what determines scarcity.
CZ replied that many long-term holders basically don’t move or spend their BTC. This market phenomenon also further exacerbates the scarcity of effectively tradable Bitcoin.
In summary, CZ’s remarks are intended to refocus the market’s attention on the underlying logic of Bitcoin’s scarcity: the remaining 4.4% to be mined, the roughly 10%-20% permanently lost ratio, and stable holdings by long-term holders—all point to BTC’s deflationary characteristics.
And from the perspective of supply and demand, the fewer BTC the market has available for trading, the more sensitive the price becomes to changes in demand—providing solid hard-core support for its long-term value. This is not just a viewpoint forecast, but also an important signal prompting the market to reassess scarcity.
#CZ #BTC稀缺性