Good morning
Reading about bitcoin, I've found that there is a maximum of BTC that can be mined: 21 milions
It is said that this limit is due to the source code.
As probably you know more than I do about BTC:
- is it a real limit
- is it a good thing? I think it is but it looks like BTC will become more a commodity and not just a payment system
What do you think?
This is truth that bitcoin has limit of 21 millions but I don't think that this limit will be achieve by the bitcoin blockchain network Because the main reason behind this factor is that after mine of every one pin the difficulty to mine another next coin is very tough by the miners , And as already about 80% coins of bitcoin are lined so difficulty is much in the current time and Mining of bitcoin by the people normally to have miners is not much profitbale , so here may be it can take about 10 years or may be more to achieve 21 millions bitcoin whole .
And I think it will be better for those who have hold bitcoin Because supply will be zero and demand will go on increasing , so price will increase much and we will make.lots of profit by holding bitcoin.