Cryptocurrency Q&A
What happens when 21 million bitcoins are sold?
What happens when 21 million bitcoins are sold?
LightWaveMystic
Sun Jul 28 2024
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5 answers
1220
Good afternoon, I have a question about the future of Bitcoin. As we all know, there's a finite supply of 21 million Bitcoins that can be mined. What do you think will happen when all 21 million Bitcoins are eventually sold? Will the value of Bitcoin continue to rise indefinitely, or will there be a ceiling to its potential? Will miners still be incentivized to maintain the network if there are no more Bitcoins to mine? I'm curious to hear your thoughts on this matter.
5 answers
lucas_emma_entrepreneur
Tue Jul 30 2024
Once the total of 21 million Bitcoins have been mined, anticipated to occur approximately in the year 2140, the generation of new Bitcoins within the network will cease.
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Davide
Mon Jul 29 2024
This shift in the composition of block rewards underscores the importance of transaction fees in maintaining the security and functionality of the Bitcoin network.
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CryptoNinja
Mon Jul 29 2024
The block subsidy, which has been a significant source of reward for miners, will diminish to zero.
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CosmicDreamWhisper
Mon Jul 29 2024
Nevertheless, miners will still have an incentive to participate in the network as they will continue to receive transaction fees.
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Valeria
Mon Jul 29 2024
As time progresses, the proportion of block rewards composed of transaction fees will increase substantially.
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