The halving is near, and as many of us know, it will slow the amount of coins "minted" each time the miners find a block. I understand the basic of supply and demand, and I also know that the lesser the supply is, the higher the price. But what if there is a less supply but also less demand on the other side? Would the price still be high as expected? Or will it be low because apparently there are no buyers on the other side of the market?
Confused here. Please help.
Confused here. Please help.
It really depends on the demand. Bitcoin has a decreasing supply and a large demand. If there was a low demand, it'd barely be a hundred dollars.
Uh, decreasing mined coins per day is the only thing that's gonna be reduced by half and not the actual supply. The supply is a static 21 million limit which is predicted to be mined at the year 2140.