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.
On Monday alone, U.S.-listed spot BTC ETFs recorded more than $250 million in outflows—the third straight day of withdrawals—suggesting a shift in sentiment as investors reassess their exposure.
In an effort to broaden its investor base, the ARK 21Shares Bitcoin ETF (ARKB) will undergo a 3-for-1 stock split on June 16, making shares more affordable for everyday investors.
Following a 6.4% pullback from its record high of $111,980, Bitcoin has stirred debate among analysts about what comes next.
Japanese investment firm Metaplanet has made another bold move in the crypto space, acquiring 1,088 more Bitcoins in its latest purchase, and pushing its total holdings to 8,888 BTC—valued at over $930 million at current prices.