Hi guys! So, yeah, as you must know already, all crypto has a finite supply meaning its not going to be mineable forever I guess, but what actually happens when bitcoin hits 21 million max besides it not being mineable anymore? Does this increase the value quicker? Let me know if you know, i dont know the answer and would love to hear what you have to say
It will still be POW but miners will only receive the fees involved instead of coins additionally. In theory if nothing changes demand ways then the price should increase because there's less downward pressure on the price by miners selling their coins. Of course we'll all be dead by then anyway.
Are we going to die? You are thinking too negatively. It is like gold, when the gold has been dug out what happens? While demand is still high, prices will inevitably be pushed up and whales take advantage of that to manipulate the market normally. Bitcoin still has value and of course we will survive, markets will continue to go up and nothing will end.