Post
Topic
Board Bitcoin Discussion
Re: The total limit of bitcoin
by
avikz
on 01/05/2023, 14:02:49 UTC
Looking at the basic fact about the limit of bitcoin according to the protocol for the bitcoin network,it was design with a limit of 21 million coin.
   My question now is are cryptocurrency miners be unable to generate new bitcoin after it reach the 21 million coin limit?
Since there are over 19.15 million bitcoins in circulation if am not mistaken.

The answer is No! Miners will not be able to generate more Bitcoin once all 21 million Bitcoins are mined. At the current pace, it is expected that the last bitcoin will be mined in 2140. You and I won't be here to see that day.

Here is a nice article you may want to read,

https://www.blockchain-council.org/cryptocurrency/how-many-bitcoins-are-left/

This limited supply is actually a guard against inflation. So it is expected to see a huge jump in value as the time goes by.