Hello,
I have several questions?
The maximum supply amount of bitcoins in circulation is 21 Millions.
The amount that are mined so far is more than 16 Millions (more than 79%)
What is going to happen when the 21 Million limit is close to be reached?
Since it going to be more and more difficult to mine bitcoins, does that mean that the price of a transaction is going to be extremely expensive?
Thanks for taking the time to answer :-D
If are mined all 21 million bitcoins, nothing much will happen. However, it should be borne in mind that by 2140 a lot will change. Bitcoin is unlikely, if it lasts until that time, it will be the same as now. This will be a completely different bitcoin. By this time, the technology will go far ahead and the cryptocurrency will change dramatically, and maybe it will even be replaced by something more advanced. Moreover, we will not know this all the same.