20 Millionth Bitcoin? Misleading Data Sparks Bitcoin Supply Debate

Bitcoin enthusiasts are buzzing after JamesLopp, an American cypherpunk and software engineer, claimed that the most recent data on Bitbo, a popular on-chain platform, incorrectly displays the total number of Bitcoin coins. This is causing confusion about the actual 20 millionth Bitcoin mined this weekend. Lopp argues that Bitbo’s error may be due to using its proprietary calculations instead of querying a full node. While the overall supply currently stands at 19,843,807 coins according to the latest data, with an additional 1,155,974 yet to be mined, Lopp suggests that Bitcoin’s circulating supply will eventually reach a total of around 20 million coins. Experts believe that over the next year, the 20-millionth Bitcoin coin will become reality. This milestone is significant because Bitcoin has been widely described as a digital version of gold, signifying the importance of mining in this decentralized system.