Black_background_logo_BitcoinWorld-removebg-preview
Bitcoin (Courtesy: Twitter)
Bitcoin News

Bitcoin Network Records 18,500,000 BTC in Circulation

Bitcoin (Courtesy: Twitter)
Bitcoin (Courtesy: Twitter)

Bitcoin’s total circulating supply has surpassed a major milestone of 18.5 mln coins, according to CoinMarketCap data.

88 percent of all coins that will ever exist in circulation have already been mined.

The first Bitcoin block — which is known as the “genesis block” — was mined by Satoshi Nakamoto, the pseudonymous creator of the world’s largest cryptocurrency, on Jan. 3, 2009.

Its coinbase parameter contains the now-famous The Times headline about ex-British chancellor Alistair Darling considering a second bailout for banks. Another peculiar thing about block 0 is that the 50 BTC reward subsidy it received is unspendable. 

Bitcoin’s circulating supply crossed the 1 mln coins mark on Jun. 24, 2009. At that time,  BTC was still worth basically nothing since it wasn’t trading on a single exchange.      

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.