Post
Topic
Board Economics
Re: What is going to happen when we reach the 21 Million BTC supply limit?
by
Osayo
on 20/10/2018, 21:34:21 UTC
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
I honestly believe we all are aware of this fact already that Bitcoin will soon be completely mined. The 21 million will only be transferred between one person to another in exchange for whatever service.