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Bitcoin life sparn
Hello guys, well from the classes i have had i learn that Bitcoin can only be produce or mine to 21million. This is my question if after it has reach it limit will the market not crash. Because i know value will go higher but will people really want to buy any more.
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Saarah Rasheed @saarah95gmail-com
Saarah Rasheed @saarah95gmail-com
It depends on what the market dynamics are by then. If Bitcoin has attained mass adoption, then it is unlikely to crash. It could take on the form of something like digital gold where people hold for value or use very tiny denominations to do transactions. But again, all we have are speculations, for 100 years ahead. [2140 is the year we reach that limit!]