Hello everyone,
Unlike fiat currency like the U.S. dollar – as the Federal Reserve can simply decide to print more banknotes – Bitcoin’s supply is finite: BTC has a maximum supply embedded in its design, of which roughly 89 percent had been reached in April 2021. It is believed that Bitcoin will run out by 2040, despite more powerful mining equipment. This is because mining becomes exponentially more difficult and power-hungry every four years, a part of Bitcoin’s original design. Because of this, a Bitcoin mining transaction could equal the energy consumption of a small country in 2021.
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I would like to highlight this statement of yours that
"It is believed that Bitcoin will run out by 2040".
Incorrect.Although that it has a finite supply of 21 million BTCs, it'll never mint additional BTCs again. So nope, the world isn't running out BTCs. The demand will simply go higher, thus making BTCs price gonna skyrocket.