What could be the state of Bitcoin in the future?
This is discussed all the time but I am asking this question because my elder brother said that after 2025 Bitcoin will not exist anymore and will be completely dead. He also said that after 2025 Bitcoin will not be mined so that Bitcoin will not be able to hold its own position.
So I would like to know from you how reasonable this statement is?
If Bitcoin can't be mined, then why can't Bitcoin maintain its position? I think that the price of Bitcoin will be even higher after 2025. Because Bitcoin will be more and more scarce. My estimation is also almost the same as your brother's, that by 2025 Bitcoin will be exhausted in the mines. But I think the opposite compared to your brother. I am more convinced that the price of Bitcoin will be higher. Maybe I as a small investment player can't afford to buy Bitcoin.
They key on here is on that demand, whatever the mining rewards would be or on how scarce it would be as long the demand is keeping on increasing then expect that value would really be going high.
We cant really know on what would be the future looks like but seeing on the current community support of Bitcoin then we could or can really tell that it does have a high potential that it might last up for more decades
to come but of course as an investors, then you shouldnt really be doing that all in kind of behavior.
Always mind off about the risk because nothing is assured and everything could happen and this thing should be bared up on mind.