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Michael Saylor, co-founder and chairman of MicroStrategy, is once again making headlines in the cryptocurrency community with his latest Bitcoin prediction.
In a recent tweet, he stated that by January 2, 2035, he believes “99% of Bitcoin will be mined.”
Currently, approximately 19,760,384 BTC has been mined, which is about 94.10% of Bitcoin’s total supply cap of 21 million. According to CoinMarketCap, this leaves around 1,239,588 BTC yet to be mined.
Saylor’s forecast suggests a surge in Bitcoin mining over the next decade, implying that nearly 5% of the total supply could be mined in that time frame. If his prediction proves accurate, it would mean that most of Bitcoin’s supply will circulate much earlier than previously expected. Many analysts have estimated that the last Bitcoin will be mined around 2140.
Should 99% of Bitcoin indeed be mined, the remaining 1% would become increasingly rare, likely driving its price higher as demand surpasses supply. This situation could also lead to significant changes in the economics of Bitcoin mining, requiring miners to adapt to reduced rewards for creating new blocks.