Sound money · verified every ten minutes
Bitcoin issued, live
20,046,875.000 BTC
of a hard cap of 21,000,000 — ever. No exceptions, no committee, no printer.
Evidence 01
Every daily close since July 18, 2010 — real data, not a sketch. Shaded spans are bear markets. Dashed lines are halvings. Drag along the line for any day's price.
Source: Coin Metrics community data, daily closes through May 23, 2026. Spot ~$61,600 on June 10, 2026.
Learn 01
Five times Bitcoin has been declared dead at a cycle peak. Five times it set a higher low, then a higher high. The current drawdown of -51% is the shallowest on record — each storm has been milder than the last.
| Peak | Peak price | Trough | Trough price | Drawdown |
|---|---|---|---|---|
| Jun 2011 | $29 | Nov 2011 | $2 | -93% |
| Dec 2013 | $1,135 | Jan 2015 | $176 | -85% |
| Dec 2017 | $19,641 | Dec 2018 | $3,185 | -84% |
| Nov 2021 | $67,542 | Nov 2022 | $15,758 | -77% |
| Oct 2025 | $124,824 | Jun 2026 | $61,600 | -51% |
Current cycle row shows the latest available price (live when your browser can fetch it; June 10, 2026 baseline otherwise); prior cycles use daily-close extremes. Past cycles are a pattern, not a promise.
Learn 02
Every 210,000 blocks — roughly four years — the number of new BTC issued per block halves. No central bank does this. No vote can stop it. It is the only major monetary asset whose future supply is fully known.
Each halving lands a year or so before the cycle peaks on the chart above. Three data points don't prove causation — but the supply schedule is the one input that's guaranteed.
Learn 03
Plenty of things are scarce. Plenty are borderless. Bitcoin's claim is that no other money combines all seven of these in a single, self-enforcing system. Tap each one.
Every transaction since 2009 is written to a public ledger anyone can inspect in full, without asking permission. What stays private is identity — not the record. The flow of money is open for all to see.
Anyone can run a node independently without asking permission; doing so strengthens the security of the network and allows you to confirm the entire money supply of every coin — no bank, auditor, or government to take on faith. You don't accept the system's word for how much exists; you check it yourself. Whether you send $10 or $1 million, to the person sitting beside you or over the ocean, the fee is the same — between $0.20 to one dollar currently.
The supply is capped at 21 million coins, enforced by code and by every node on the network. No central bank, no majority vote, and no emergency can print more — a hard limit that no government-issued currency shares. Scarce doesn't mean indivisible, though: each coin splits into 100 million units called satoshis, so the system stays usable at any price, however high a single coin climbs.
Once a transaction is confirmed and buried under later blocks, rewriting it would mean redoing more computation than the rest of the network combined. In practice the deeper history is effectively permanent — there is no undo button and no one with the authority to press it.
A transaction behaves identically whether it crosses the street or the planet. There are no foreign accounts, capital controls, or banking hours — only the network, reachable by anyone with an internet connection.
No approval, ID, or intermediary stands between a person and the network. Anyone, anywhere can hold, send, or receive without a bank or authority deciding whether they're allowed to participate.
No single party owns the rules; they're enforced by thousands of independent nodes that reject invalid blocks regardless of who produced them. That decentralization is what makes the network resistant to capture, censorship, and silent rule changes — the closest money has come to being beyond the reach of any one authority.
These are design properties, achieved to differing degrees in practice. Decentralization and immutability are strong but not absolute — they rest on the network staying broadly distributed, which is a thing to watch, not assume.
Evidence 02
This calculator runs on the same real daily series — what a one-time buy on any date since 2010 would be worth at today's price.
Uses daily closes through May 23, 2026 and spot ~$61,600 today. One-time purchase, no fees, not financial advice.
Evidence 03
Ten of the most successful investors and builders alive dismissed Bitcoin — on the record, with dates. Several have since reversed completely. Tap any name.
Called Bitcoin “rat poison squared” and a non-productive asset destined to disappoint.
Roughly 7× higher today, even mid-bear-market. Berkshire still holds none.
Predicted Bitcoin would go to zero across an entire decade of public comments.
It rose ~400× over the span of his predictions.
Declared it a fraud and threatened to fire any trader caught touching it.
Later said he regretted the remark. JPMorgan now offers clients crypto exposure.
Dismissed Bitcoin as essentially an index of money laundering.
BlackRock launched the largest spot Bitcoin ETF in 2024. Fink calls himself a converted skeptic.
Said he was not a fan — value based on thin air.
Reversed into one of Bitcoin's most prominent political champions by 2024–25.
Told investors to avoid Bitcoin like the plague.
Price is ~5.6× higher today despite a 50% drawdown.
Tweeted that Bitcoin's days were numbered.
Became its largest corporate accumulator — hundreds of thousands of BTC. The most profitable mind-change in the market.
The wrong bull: promised $500K, then $1M per coin by 2020.
It peaked under $30K that year. Overpromising cuts both ways.
Said cryptocurrencies were ridiculous and he didn't understand them.
Within a few years he was publicly exploring a major position.
Has predicted collapse continuously for over a decade.
Following that advice meant missing a move measured in hundreds of multiples.
Drawdowns happen; being early feels like being wrong. But "it will go to zero" has been falsified at every price from $2 to $124,824 — so far.