Due to my research, I discovered that we have about 21 million BTC. 19.9 million BTC has already been mined, remaining 1.1 million BTC.
So, I want to know what will happen when the remaining 1.1 million BTC get mined.
Is it that there would be no bitcoin again for people to mine afterwards?
What will become of the future of bitcoin when the total 21 million BTC is completely mined?
The limited supply of bitcoin is one of its biggest characteristics which assures the investors of the future. After the remaining bitcoin has been acquired, it all goes into the hands of investors. By that time, bitcoin will become a very scarce commodity and just like the usual principle of scarcity, the price keeps going up. Individual HODLers could set the Market price and influence it's volatility. Recently, bitcoin whales have been so intentional about draining all bitcoin into their wallets because they understand that the future belongs to bitcoin HODLers. If you have not started buying bitcoin enough, then do and hold for long, that's the only time you can be sure to participate in the future exploits.
The idea that Bitcoin price is driven or moved by scarcity alone isn't entirely true because there are also other factors that are responsible for Bitcoin price's movement, such as adoption,regulation, utility, macroeconomic forces and other factors. the asumption that the price of Bitcoin will always go up is optimistic, but the truth remains that it is just an assumption, and despite the fact that Bitcoin has been in a positive trend for the past years doesn't guarantee that the future will be like that, so while we are being optimistic, it is also important to be realistic too with our expectations, as this will help us make more informed decisions concerning our investment.