At this point in time the effect of the supply cap is currently unknown because we have not yet experienced it. We will know what effect the 21 million cap has on price only once all bitcoins have become mined and accounted for.



Once bitcoin is well established(is this now?), current supply would determine value much more than future potential maximum supply. The artificial cap could have improved short term growth by creating the deflationary narrative but long term growth would require supply growth or some other incentive for new adopters to consider joining once the coin is no longer mine-able. The most elegant solution is no cap but a defined supply increase with the limit approaching zero and letting the cap naturally be set to the capacity we have to apply our technology to mining as difficulty increases. The price would continue to go up because the coin would still become increasingly rare over time and the network would still continue to grow in a similar fashion to what we have seen over a much longer period.