Cryptocurrency Q&A
What happens if Bitcoin reaches max supply?
What happens if Bitcoin reaches max supply?
Maria
Thu Jun 20 2024
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8 answers
2440
Could you elaborate on the potential implications and scenarios if Bitcoin reaches its maximum supply limit? Will the market value of Bitcoin continue to rise indefinitely, or will it stabilize at a certain point? How might this affect miners and investors? Will transaction fees become more significant as a source of revenue for miners? Will there be any significant changes in the way Bitcoin is used or transacted? Additionally, could you discuss any potential risks or challenges that may arise as a result of Bitcoin reaching its maximum supply?
8 answers
Silvia
Sat Jun 22 2024
The finite supply of bitcoins is a defining characteristic of the cryptocurrency.
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Giulia
Fri Jun 21 2024
These rewards are given in exchange for the computational work done in verifying and adding transactions to the blockchain.
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Arianna
Fri Jun 21 2024
The maximum limit of 21 million bitcoins is expected to be reached around the year 2140.
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CryptoKing
Fri Jun 21 2024
This limit ensures the scarcity of bitcoins and contributes to its value as a digital asset.
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HanjiHandiwork
Fri Jun 21 2024
However, after the 21 million cap is achieved, miners will no longer receive new bitcoins as a reward for their mining activities.
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