Cryptocurrency Q&A
What happens to Bitcoin after 21 million?
What happens to Bitcoin after 21 million?
Lucia
Mon Dec 02 2024
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5 answers
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I've heard that there's a limit to the number of Bitcoins that can be mined, which is 21 million. I'm wondering what will happen to Bitcoin as a currency and its value once this limit is reached.
5 answers
noah_doe_writer
Wed Dec 04 2024
The evolution of Bitcoin will not alter one fundamental aspect: once the limit of 21 million coins is reached, no new bitcoins will be released.
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Eleonora
Wed Dec 04 2024
This hard cap on supply is a defining characteristic of Bitcoin, setting it apart from other forms of currency that can be printed or minted indefinitely.
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EthereumLegend
Wed Dec 04 2024
The impact of this supply limit is expected to be most pronounced among Bitcoin miners, who rely on the issuance of new coins as a reward for their computational efforts.
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CherryBlossomPetal
Wed Dec 04 2024
As the supply of new bitcoins dwindles, miners may face decreasing rewards and increased competition, making it more challenging to profit from their activities.
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CryptoNinja
Tue Dec 03 2024
While the direct effects on miners are clear, it's also conceivable that Bitcoin investors could experience adverse effects as a result of this supply limit. With fewer new coins entering the market, the potential for appreciation may be constrained, and investors may face increased volatility and uncertainty.
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