I'm a newb, and curious what happens to bitcoin after they're all mined (considering that it's mostly wealth to absurdly wealthy people mining them now and has been for a while, aside from cloud mining sure but that's not that many is it? IDK), but curious what is the vision 10-15 years down the road it's possible that most the very wealthy people own BTCs? Seeing how more and more transactions are going to be paid via bitcoin (and rich people own most of the companies that GET paid in these transactions) - so I'm curious how it's going to be different?
Thanks!
Most likely all bitcoins will not be mined in our lifetime, the expected last block to be mined is around 2140, so you better get some anti-aging therapies going, haha!
But otherwise, the miners at that point will still make profits in the form of transaction fees and, as the network is showing greater and greater adoption already, there will likely be tons of transactions by then for the miners to stay profitable.
Otherwise, bitcoins will probably be held as a store of wealth by some, with some of it being sold and bought at different prices, just like gold or any other commodity.
I think we will see a larger integration of bitcoin in our every day lives in the coming decade (easily pay at most places with it, maybe even banking sector adoption?).
Nevertheless, it will be one interesting ride!