Quote from: mikeywith on Today at 09:49:27 PM

Quote from: philipma1957 on Today at 08:54:06 PM

2028 = 1.5625

perhaps that's when miners start to feel the heat, I mean even with 6.25BTC mining has been really tough, it's only recently when BTC price went up exponentially - those who held coins made some nice profit, the few months following the halving were the worst months for many miners, rewards cut in half, the difficulty didn't drop, and the price wasn't going up, I can only imagine that many miners capitulated at that point in time.

When rewards are 3.125BTC mining would still be somehow okay to many miners, even if the price was below 100-200k, but when the rewards are at 1.5625 BTC price needs to be beyond those levels for mining to stay as decentralized, if not, then only those with free power will be able to mine at a profit.

With the being said, there might come times when bitcoin holders will need to mine for no profit just to keep the blockchain running the way it is, sort of like how many people run full nodes now without any financial benefits, but I guess it's too early to judge since we don't know how will the mining fees become like since they will be more important than the block reward soon.

Quote

I do not see enough wealth to push it to 18 trillion or 1 million a coin any time soon.

I agree with the logic, 1M before we both (and perhaps most of the people that are in this discussion) are dead isn't a logical expectation IMO, but I don't think the term "wealth" is accurate here, money, as we know it, is merely a digit in a centralized database which is owned by the federal bank and the like, 18 trillion is a lot compared to what does it weight against real-world products and services today, but with the never-ending printing, one day it will sound and be small enough.

Humbly disagree. We have 3 resistances left before $1M per coin. $56k or 1 Trillion MC approx. 100k (six figures). MC of gold or $640k per BTC. After that, inflation rates themselves can get us to $1M.