Bitcoin (BTC) Supply Can Be Changed No one Talks About It

Dan Held Shared: 18.9 million Bitcoin has been issued. Only 2.1 million left.

Community Response:  So, probably a stupid question for some, but with so much more mining taking place why will it take so long until all 21MM are mined? I’ve seen estimates of another 100 years?

Progression of the number of Bitcoins already mined and in circulation:  Knowing that the total limit of 21,000,000 BTC in circulation will be reached by 2140, that’s only 2 million “new” BTC to be mined for the next 120 years.  And roughly 4-6 million are lost forever. Might be a good idea to pick one up, in case it catches on.

There are too many noobs out there for you to use the term ‘lost bitcoin’ Unlike so many other counterfeit coins out there, once mined bitcoin cannot be destroyed, burned, or lost, to claim otherwise is to tout ignorance of how the bitcoin ledger works.

Nope, that 2.1 Million are Lost, Burnt, or the 1 Million coins of Satoshi that have never been moved since creation. So, 18.9 Million is it.

You act like people won’t sell it and people can buy it up again. You can’t buy up all of BTC if it can be sold and re-bought.

Bitcoin Supply can be changed, no one talks about it. If all node operators agree they can. It will happen somewhere in the future when BTC mining becomes non-profitable.

Stocks are inflated. Real Estate is highly illiquid. Bonds are crap. Cash is trash. Altcoins are glorified. Overexposure is suicide. As a fiat miner with an executive salary and no kids, I only see Bitcoin I got my answer.

Altcoins are vehicles to accumulate more Bitcoin. Don’t hate on them too much.

It’s important to start highlighting how many of these are probably lost forever. Bitcoin may already be deflationary.

Get bitcoin off exchanges.  Don’t let exchanges sell your BTC to someone else. You don’t want to be the last.

Total supply 21M, available 18.95M. Somebody explain:  This means a total of nearly 18.9 million BTC of the fixed 21 million supply are now in the market.  However, not all of them are available in the market either. An estimated 20% of Bitcoin supply is actually categorized as lost. According to Chainalysis, a mere 3.5 million Bitcoin, 19% of all mined BTC, are used for trading.

If 90% of holders decide they are never selling, 100 trillion dollars can only buy 4 million bitcoin.  Do the math, that’s 25 million per bitcoin.  And you think it stops there?  That’s still going to be the beginning.  That’s when fiat can’t even think about trying to compete.

What do all the miners do after all BTC have been mined? Bitcoin mining fees will disappear when the Bitcoin supply reaches 21 million. Miners will likely earn income only from transaction processing fees, rather than a combination of block rewards and transaction fees.