Post
Topic
Board Altcoin Discussion
Re: Will BITCOIN run out in 2140?
by
adzino
on 12/07/2019, 18:10:28 UTC
I forgot the article that says about this.
but I remember that, reportedly Satoshi Nakamoto intentionally created a limited amount of bitcoin inventory. This is done to prevent inflation. From long-term predictions, BITCOIN has at least until the year 2140, all of which can be mined. If the number of Bitcoin continues to decrease, the price can soar in the future. how do you think about this, is it true that BITCOIN will run out in 2140?
Its only for the last bitcoin to be mined but the value of bitcoin will still remain in 2200 or in 3000 or so on as long as there are holders for it.
No, the price won't remain the same. Again, if there are holders, the price will bound to rise. After all bitcoin has been mined and the cap has been reached, scarcity will start to be created when adoption of crypto currencies take place. The amount of bitcoin is limited, but the population is not limited. The more the people starts to acquire and hold bitcoin, the less number of bitcoin will exist in the market driving more demand and causing the price of bitcoin to rise. Simple economics.