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The Missing Million: Why Bitcoin's Real Supply Is Already Gone
Bitcoin Feb 6, 2026

The Missing Million: Why Bitcoin's Real Supply Is Already Gone

Everyone cites 21 million like it's settled math. It is. But the more interesting question isn't the cap—it's what's actually available. Roughly 3-4 million Bitcoin are gone forever. Another 1.1 million sits in Satoshi's wallets, unmoved since 2009. That means the effective tradeable supply is closer to 14-15 million, and that number shrinks every year.

#bitcoin scarcity#bitcoin supply#satoshi nakamoto