Post
Topic
Board Bitcoin Discussion
Re: I’m worried about the future of Bitcoin
by
Zigabel
on 10/10/2024, 21:45:50 UTC
I heard that the reward is halved every 4 years after each halving, so the reward miners will receive will always approach zero. To maintain the Bitcoin network, the price of Bitcoin must keep rising infinitely, which is impossible. Could there be a point where the value of the Bitcoin miners receive is almost zero, and the Bitcoin network collapses due to a lack of miners?

Is it possible that Bitcoin could increase its total supply in the future? But that would certainly cause Bitcoin’s price to drop significantly.

Could Bitcoin switch to PoS like Ethereum? That would also cause Bitcoin’s price to fall.

I don’t know if my understanding is correct
The supply isn't going to be increased to the point it will loose its value, instead of all of it is finally mined completely, then there's going to be a limitation of supply as it's been reduced after every halving, at that point value is even going to be higher as there will be limited supply in the market, only when the supply is above demand value drops but in the reverse value does increases.