Binance founder Changpeng Zhao, better known as CZ, said in a social media post on Aug. 15 that more than 20.07 million Bitcoin had already been mined as of August 2026, leaving only about 4.4% of the total supply still to be issued. He also said he estimates that 10% to 20% of the existing Bitcoin supply has been lost, is unusable, or cannot be recovered. Based on that view, CZ described Bitcoin as a deflationary asset. The remarks were cited by BlockBeats in a brief market update.
Binance founder Changpeng Zhao, or CZ, said in a social media post on Aug. 15 that more than 20.07 million Bitcoin had been mined as of August 2026, leaving about 4.4% of the supply yet to be mined.
CZ also said he estimates that 10% to 20% of the current Bitcoin supply has been lost, cannot be used, or cannot be recovered. He described Bitcoin as 「a deflationary asset」.
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