With a total cap of 21 million bitcoins, these halving events play a pivotal role in shaping the timeline for mining the remaining bitcoins. GateHub Ripple. About the Author Jordan Tuwiner.
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Read MoreYou need a Statista Account for unlimited access. There were 19,, bitcoins in existence as of Dec. The last halving event occurred in May , and the next one is expected to occur in It does not account for lost bitcoins. Bitcoin operates on a decentralized ledger, which means there is no central authority or database that stores all supply-related data. Article Sources. The initial reward was 50 bitcoins per block, but this has been halved several times and is currently at 6.