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Story: Bitcoin Hits 95% Supply Milestone as Mining Race Intensifies

By Bruce Buterin

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Bitcoin reached a major milestone. Over 95% of the cryptocurrency's total 21 million coins have been mined during its 14-year existence, bringing the digital asset closer to its…

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The scarcity factor drives Bitcoin's core design philosophy, mimicking precious metals like gold through artificial limitations. Mining rewards currently sit at 6.

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Bitcoin's price reflects the ongoing tug-of-war between supply constraints and demand pressures.

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But regulatory headaches keep piling up. Governments worldwide can't agree on how to handle cryptocurrencies, and recent U.S. crackdowns spooked investors and industry insiders.

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Bitcoin mining consumes massive amounts of electricity, drawing fire from environmentalists and politicians.

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Tech improvements might change everything, though. The Lightning Network and other innovations promise faster transactions and better scalability.

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Despite all the challenges, Bitcoin's fundamentals stay solid. Its decentralized structure and security features appeal to users who want alternatives to traditional banking.

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Michael Saylor doubled down on his Bitcoin bet. On March 1, 2026, his company MicroStrategy bought another 5,000 bitcoins, bringing total holdings above 140,000 coins.

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European Central Bank President Christine Lagarde shared concerns about Bitcoin's volatility during a February 28, 2026 press conference.

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Bitcoin took a hit on March 3, 2026, dropping to $28,000 after hackers stole $150 million from BitMart exchange.

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Investment firm ARK Invest released a bullish report on March 4, 2026, projecting Bitcoin could hit $500,000 by 2030.

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Elon Musk stirred up the market again. During a March 2, 2026 virtual conference, the Tesla CEO hinted his company might accept Bitcoin payments again if mining gets more…

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SEC Chair Gary Gensler spoke at a public forum on March 4, 2026, saying the agency wants to protect investors while encouraging innovation.

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PayPal expanded Bitcoin services to more European markets on March 5, 2026, following successful U.S. rollout where crypto transactions saw strong user engagement.

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MIT researchers published a study on March 3, 2026, exploring Bitcoin's potential impact on global finance.

The Currency Analytics

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