Cryptocurrency Q&A
What will happen when 100% of Bitcoin is mined?
What will happen when 100% of Bitcoin is mined?
SapphireRider
Thu Mar 28 2024
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7 answers
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I'm curious about the future of Bitcoin. Given that the total supply of Bitcoin is capped at 21 million coins, what will happen when 100% of those coins are mined? Will the value of Bitcoin skyrocket as demand continues to increase for a finite resource? Or will the market adjust and find a new equilibrium with the supply no longer increasing? What strategies should investors consider to prepare for this inevitable event? And what impact will it have on the cryptocurrency market as a whole?
7 answers
AzurePulseStar
Sat Mar 30 2024
This transition will mark a significant milestone in the Bitcoin ecosystem.
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Valentino
Sat Mar 30 2024
It is estimated that all 21 million bitcoins will be mined by around the year 2140.
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Raffaele
Sat Mar 30 2024
Once the supply limit is reached, the mining process will no longer generate new bitcoins as a reward for miners.
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Giulia
Sat Mar 30 2024
Miners will then solely rely on transaction fees to earn rewards.
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ShintoBlessing
Sat Mar 30 2024
These rewards are for validating and confirming transactions on the Bitcoin network.
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