It is simply controlled by the current gain of the transistor. You lose 0.7V roughly across the base-emitter leaving 4.3V across R1 so base current is roughly 4.3/2k = 2.15mA. The current in the collector then depends on the transistor current gain. If the gain was 100 then the collector current would be 100x2.15mA = 215mA. That would change if the transistor could saturate, but 215mA in 1.8 ohms is only 0.39V.
I guess you have simulated it and so the collector current is slightly different to my rough calculation.
Keith.