Binance founder Changpeng Zhao, widely known as CZ, said in a social media post that more than 20.07 million Bitcoin had been mined as of August 2026, leaving about 4.4% of the total supply still to be mined. The remark focused on Bitcoin’s issuance schedule and the shrinking amount of new supply left in the network.
Zhao also said he estimates that 10% to 20% of the existing Bitcoin supply has been lost, stuck, or is otherwise unrecoverable. Based on that view, he described Bitcoin as a deflationary asset. The post did not provide additional calculations or methodology for the estimate, and the statement was cited by ChainCatcher as a social media comment from the Binance founder.
According to ChainCatcher, Binance founder Changpeng Zhao said in a social media post that more than 20.07 million Bitcoin had been mined as of August 2026, leaving about 4.4% of the supply still to be mined.
Zhao added that he estimates 10% to 20% of the existing Bitcoin supply has been lost, stuck, or cannot be recovered. He described Bitcoin as a deflationary asset.
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