With Over 95% of All Bitcoin Mined, Explorer Charts the Road to the 2028 Halving
· halving · Sentiment: neutral
Over 95% of Bitcoin’s total supply has now been mined, leaving less than 5% of the 21 million cap still to be issued. Blockchain explorers project that the next halving, scheduled for 2028, will reduce the block reward from 3.125 BTC to 1.5625 BTC, further slowing the pace of new supply. Market consensus highlights the shrinking issuance as a continued reinforcement of Bitcoin’s scarcity narrative. The key implication is that each successive halving increasingly shifts Bitcoin’s valuation driver from new supply to pure demand dynamics.