Hi i have a question, i hope someone could answer it
As of now, the circulating supply of Bitcoin is 16.6M
I was wondering what would happen if it reaches 21M?
Will bitcoin still work even without mining?
Or will bitcoin fall apart?
I think bitcoin will still work but no more mining so it is very difficult to find and become rare and the price is definitely very high
That's what we call scarcity, and that's one attribute of all money and where there is scarcity of any legal tender there's a corresponding demand of it and hence an appreciation of it's value; the same can be thought of bitcoin should we max out all that's supposed to be mined.