Post
Topic
Board Bitcoin Discussion
Topic OP
We should forget that there'll be 21M BTC
by
BenjaminGlover
on 18/03/2022, 09:59:25 UTC
Individuals should completely disabuse themselves of the notion that there will ever be 21 million Bitcoins


Taking lost and inaccessible coins into consideration, as well as Satoshi's 1M BTC lockup, there will never be more than 14M BTC available. Coins that have been lost are irretrievable.
Wallets that have been locked are inaccessible. And who knows what will become of Satoshi's incarceration. This number will steadily drop as adoption expands, as additional people with bad discipline, a lack of responsibility, or an inability to pay attention will also lose their coins. Bitcoin is obviously highly cheap, but it becomes much more so when you consider the premise that only 21 million Bitcoins will ever be created. If the larger crypto community and the financial world were aware of this, Bitcoin's price would be considerably higher right now.

What do you think?