Post
Topic
Board Bitcoin Discussion
Re: Is the world running out of Bitcoin?
by
MarjorieZimmermanGinger
on 21/08/2022, 08:22:31 UTC
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.
The bitcoin supply limit will never run out, because they are constantly traded in the market, to put it simply, you own bitcoins and sell them at a high price, bitcoins will keep changing hands and go on forever, so will everyone else trading in bitcoins.

We also never know whether the bitcoins owned by Satoshi have been sold or not, because it is very difficult to identify, even though some people say that his bitcoins are still intact. Thus the supply of bitcoins will never decrease, more precisely I think a large demand will make bitcoins increasingly rare and the selling price more valuable.

I found these topics in an article, I hope the opinion of experts in this regard.
Poor article you read, Bitcoin is not as simple as they say.