Questions tagged [21 million supply]

CryptoEmpireGuard Sun Sep 08 2024 | 6 answers 815

Could you elaborate on the possibility of altering the 21 million supply limit for Bitcoin? Is there any mechanism or scenario where this hard-capped supply could potentially be adjusted? Given the significance of this limit in maintaining the scarcity and value of Bitcoin, it's crucial to understand if and how it could be modified. Additionally, how does this fixed supply compare to other cryptocurrencies that might have a more flexible approach to their total supply?

ShintoMystical Mon Jul 15 2024 | 5 answers 1259

Could you elaborate on the potential implications and dynamics of Bitcoin once it reaches its 21 million supply cap? Will there be a significant change in its value? How might miners' incentives evolve? Will transaction speeds and costs be affected? Are there any concerns or predictions among experts regarding the long-term stability of the Bitcoin network after this milestone? What role could alternative cryptocurrencies play in the market, and how might they compete with Bitcoin? Lastly, what strategies do investors and users need to consider in anticipation of this event?