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
When the total supply is fully mined, I think buying or trading will be the only way to acquire bitcoin which will definitely influence its value and probably create more stability.
However, while giving your question a thought, another question popped up from my mind; will all these mining farms seize to exist when the total supply is fully mined since nothing will be left to mine?