Will Bitcoin ever run out?

[Nite]

Bitcoin has been there since 2009, but since the price of Bitcoin has absolutely exploded in the last few years, it has been on the map of the average investors. It is up over 32500 since the year 2014. While a lot of investors have been excited over the prospect of getting rich through bitcoin investing, many also do not fully exactly understand what the crypto is or how it works.

While the mechanics of the Bitcoin operations can get a little confusing, the crypto is produced by the miners, but those miners produce it electronically rather than physically. Currently, miners gets reward which is 6.25 Btc's, but the amount is halved every four years.

Although, it may seem like there isn't any limit to the amount of Bitcoin that could be produced under the mining system. However, Satoshi Nakamoto, the presumed Bitcoin creator has kept the Bitcoin's supply to a fixed limit. The creator has put a maximum limit of 21 million on its supply, he did so to keep the Bitcoin valuable. And, the price of Bitcoin can increase in future because of its limited supply that makes it a scarce commodity.

With only limited number of Bitcoins left to be mined, the question arise about what will happen if the Bitcoin supply runs out?

 

[Crmart]

No I think! It is so big that it cant, plus giant holders are always holding significant volumes.

 

[Suba]

Because the number of Bitcoins is limited to only 21 million Btc, it is estimated that it will be mined in 2140. After that, miners are no longer actively mining Bitcoin but they are tasked with validating every transaction so that the price of Bitcoin will soar even more. Until now, from the total circulating supply, Bitcoin is more silent and calm in the wallet than the amount that is traded and traded.

 

[Nite]

One challenge that experts saw coming but probably not so soon is that earlier this month Bitcoin has reached 90% of its maximum supply, and it is a known fact that there are just 21 million Bitcoins left to be mined. According to researches, close to 19 million Bitcoins have already been mined, which means that now only 2 million are left to be mined. As per reports, the remaining supply of Bitcoin is expected to be mined by February 2140. It is obvious that the Bitcoin as an asset will become more scarce once it will all be mined, and instead of block rewards, miners will be dependent on transaction fees. Once the supply reduces, the price of Bitcoin will go up, but nothing is for sure. There are great chances that by the time Bitcoin's supply runs out, it will have a more defined purpose.

 

[ronini]

I don't think that will ever happen. I think Bitcoin is here to stay and as years goes by, many people will get to know about it and use it.

 

[Lens1000]

I have known btc to be a very promising digital currency because its trajectory predicted that it as actually come to stay and it is obviously going to stay in the future. Bitcoin is the kingcoin and the best digital assets. The bitcoin as also proven to be best assets that could be used a store of value. This qualities will make the bitcoin to be to stay because most of the institutions are now using the coin as payment option. Tesla used it as payment option and that time the coin surged to the all time high at $69k. Most of the countries are even planning to make bitcoin the legal tender after El Salvador adopted bitcoin as a legal tender. So many states in the US have also adopted the coin as one of the means for the payment of taxes. Which implies that the citizens of the state can now pay taxes in bitcoin. This are few of the development that point to the fact that bitcoin will not vanish in the future. This actually point to the fact that bitcoin may still be adopted by many countries in the future as legal tender because we have seen many countries show interest.

 

[Flow-er]

Look at El Salvador, the country is currently enjoying the dividend of bitcoin. They have created lots of opportunities for the citizens via the bitcoin adoption and that is quite interesting. We have seen lots of mind blowing projects that was executed with bitcoin funds. This is a clear indication that bitcoin as come to stay and the earlier the skeptics accept this the better for them. The bitcoin is taken as the best assets that could be used as a store of value. This is because bitcoin as the ability to surge on the average
No matter the fluctuations, bitcoin will still surge on the long run.

There is no doubt that the leading cryptocurrency is the bitcoin. It antecedents has shown that it is the future coin. Many countries , institutions and individuals saw the potentials in it and that is why it's been used by many of them. We must not quickly forget that bitcoin could also be used to combat inflation. This is.perhaps the economic benefits of bitcoin because inflation as been menace in the economy of most of the countries in the world. Using it to fight inflation would a great advantage for the country that adopted it.

 

[Limivorous]

This limited supply of bitcoin has made it a scarce commodity and is the main reason for an increase in the prices in the future.

 

[prathambagde]

It may seem that the world's most popular cryptocurrency is close to being exhausted, but Bitcoin's halving schedules predict that the remaining 10 percent supply will sustain until February 2140, as per blockchain.com. Further, the total number of Bitcoins are not available for open market distribution.

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[cashisking149]

Yeah when the last is mined. Something like the year 2143