Post
Topic
Board Bitcoin Discussion
Re: We should forget that there'll be 21M BTC
by
Anonylz
on 19/03/2022, 06:03:05 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?

If the entire crypto community and the whole financial world go by btc limited supply to invest heavily, then it could reflect on the price because it becomes scarce as demand for it increases, but limited supply or the possibility that some of the btc that made up this limited supply won't be in circulation forever is not enough to increase the demand.

Btc investment increases as businesses, companies, organisations, individuals discovers it's importance, it's uniqueness against fiat currency, it's decentralized capabilities and not just because of it's limited supply.