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
Infact, there are many changes going to happen. I have no guess about transaction fee in future but the current circulation of bitcoin is nearly 18 mllion, once all 21 million bitcoins limit reaches, the price will obviously go high as people will be interested to sell less and buy more.
Thus it is time for everyone to store as much as you can before the price goes 5x