21 Million Bitcoin Supply Running Out, Michael Saylor Warns - U.Today

• Michael Saylor's message to the Bitcoin world
• The day when the last Bitcoin block is mined Michael Saylor, a Bitcoin evangelist who co-founded MicroStrategy and then turned it into a BTC treasury company, Strategy, has taken to his official X account to send an important Bitcoin reminder to the crypto community.

Michael Saylor's message to the Bitcoin world

Unlike his regular tweets, where Michael Saylor publishes AI-generated images of himself with a Bitcoin-themed caption, this time, the Strategy co-founder’s message spoke about the Bitcoin supply.

It is limited to 21 million coins, and in the tweet, it is opposed to infinity. The word “infinity” has recently become associated with the Fed Reserve, the US Treasury, and the US dollar (or fiat currencies in general). These two leading American institutions have been printing additional billions of dollars since 2020, when the pandemic suddenly came, to support the US economy and banks and corporations in particular.

The day when the last Bitcoin block is mined

Bitcoin maximalists often point to Bitcoin’s hard-capped supply as BTC’s strongest virtue, which the US dollar or any other fiat currency does not have.

By now, 19,908,015 Bitcoins out of 21,000,000 have already been mined. Every four years, a Bitcoin halving takes place, slashing block rewards by half. This means that the amount of Bitcoin withdrawn from the digital world into the physical world decreases by half every four years.

Now, there are 1,091,185 BTC left to be mined. Bitcoin historian and journalist Pete Rizzo has recently opined that the last Bitcoin block would be mined in 79 years from now, on August 17, 2104.