Post
Topic
Board Bitcoin Discussion
Re: Bitcoin after the year of 2140
by
kryptqnick
on 23/05/2020, 09:45:13 UTC
Have you ever wondered how the future of crypto land will be once all Bitcoin are mined by 2140? By that time, Bitcoin miners will be living off fees. It's expected that Bitcoin's price would be high enough to help sustain miner's operations. Bitcoin could be well worth over $1m by 2140, if all goes well. There will be a lot of demand for altcoins as digital cash, while Bitcoin will be the world's store-of-value asset. Scalability and privacy may no longer be an issue within the Bitcoin blockchain, as developers would've found a way to make the pioneer cryptocurrency useful for the world.

While we still have a very long way to go for this to happen, it's great to imagine how the future of Bitcoin and crypto will be after a century since their inception. I'm curious to know what do you think Bitcoin's future will be after 2140? Your input will be greatly appreciated. Smiley
If Bitcoin solves the issues with scalability, and miners can indeed live off transaction fees, I don't see why there would be strong demand for altcoins. They are slowly dying already, and maybe some will survive, but I don't think a big number of altcoins will be in use. By 2140 a lot of stuff can happen. Humanity might finally kill itself and the survivors won't have time to deal with cryptos; quantum computing might see a breakthrough with Bitcoin and most cryptos rapidly failing (but new quantum-resistant ones probably taking their place). I think the fact that all BTC has been mined will be the least of concerns in any case because even if everything remains more or less fine with the world, prior to 2140 there'll be a long period of time with very small amounts of BTC mined and most miners probably already living off the transaction fees. So the way I imagine it, it won't be a rapid change.