Re: 19M Bitcoins are mined but did you know about the last Bitcoin mined?
The last Bitcoin will need more than 34 years to be mined. Yes, a single BTC will take 34 years to be mined!
It will start around 2106 and take until 2140 until the last BTC is mined.
How much impact would mining rewards and halving have on the market then, when about 99% have already been mined and the remaining yet to be mined would not affect the market much.It will start around 2106 and take until 2140 until the last BTC is mined.
But I would expect that the Block rewards will only make up a very small percentage of miner rewards and therefore, halvings would only have symbolic status.
Currently, transaction fees are 1 to 2 percent of the current mining revenue:
https://stats.buybitcoinworldwide.com/fees-percent-of-reward/
Way after 2050, I expect the opposite like 1-2% block rewards and 98% transaction fees, going more extreme until 2140. But we have lightning of course, leading to uncertainties in my prediction.
The important part of mainly transaction fees as miner rewards would be that these fees (BTC) are already in circulation in opposite to block rewards, which are newly issued.