As of today, August 1, Bitcoin has 85% of its supply in circulation. This means there are only 3.15 million new coins left to be mined for the next 120 years.
Bitcoin is currently trading at $10,044 USD according to CoinMarketCap.
Bitcoin SupplyData from monitoring resource Blockchain said that earlier today, Bitcoin miners extracted the "17,850,000th unit as part of the transaction validation process." Now, because the number of coins awarded per block decreases over time, Cointelegraph says, "the remaining supply will only be unlocked in the year 2140." Bitcoin's entire supply is fixed at 21 million units. The fear surrounding the lack of coins has already started. Comments on Twitter include one from the prominent crypto trading account, Rhythm, who said: “Scarcity is about to kick in.” Now, the current supply means a maximum of 17,850,000 people can own an entire Bitcoin coin. But Cointelegraph furthers on this:
"In reality, however, some of the existing mined supply is not in circulation and never will be, as users lose access to private keys."