Hi guys! So, yeah, as you must know already, all crypto has a finite supply meaning its not going to be mineable forever I guess, but what actually happens when bitcoin hits 21 million max besides it not being mineable anymore? Does this increase the value quicker? Let me know if you know, i dont know the answer and would love to hear what you have to say
Yes it will increase the value very fast considering the fact that the demand is still high. Other wise there will be no effect on the prices if the demand goes down over the time with the supply as well. However there will be dramatic changes in the fee structure and mining abilities. Miner will be there to confirm your transactions and the reward that they will receive will be part of the fees and nothing else. That is how they will earn the whole thing so to keep it running they will need to grab huge fees and thus over the time bitcoin could get costly when we will come to extinguishing level.