21 million

What will happen when the global supply of Bitcoin reaches its limit?

What is the effect for Bitcoin miners?

Once the 21 million coin limit is reached, miners will not be able to mine any more Bitcoin. When this happens, they need to rely heavily on the transaction fees only. These fees will be their only source for maintaining operations. This leads to an interesting question. Will their operations be unprofitable? Will miners will not mine bitcoin, and move to other cryptocurrencies? Can we assume that they can make enough profit, considering that the price of Bitcoin might be extremely high?

Bitcoin Price

Bitcoin price should see a substantial increase if all the 21 million coins are mined (exponentially increasing towards next halving). This is an obvious result of limited supply, yet demand.

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IWS FinTech

IWS FinTech

IWS consults on and develops disruptive technologies such as FinTech or Blockchain (project management/product).