The 10 millionth bitcoin was mined

On this day, the Bitcoin network reached a momentous occasion: the mining of the 10 millionth bitcoin.  The event highlighted Bitcoin’s diminishing issuance schedule, a feature that contrasts sharply with traditional fiat currencies, which can be printed without limit.

By the time the 10 millionth bitcoin was mined, the price of Bitcoin was approximately $12.26, a far cry from its humble beginnings when it was worth a fraction of a cent. The mining of the 10 millionth bitcoin came at a time when the community was still recovering from the shockwaves of the 2011 bubble and the subsequent crash.
 

The significance of the 10 millionth bitcoin also lay in the fact that it represented half of the total supply that would ever be mined, given Bitcoin’s capped supply of 21 million coins.