As current holders die and people don't have access to their wallets, coins lost, etc. Last I saw, the current estimate is that 2-4m btc has been lost and is gone forever. Will there not come a time when all the btc has been mined and the available quantity will only be able to decline? I'm sure for a bit it will increase value, but what about even beyond that? Would the supply just dwindle until people are holding onto a few Satoshis as just a collectible relic of the past instead of a currency?
What happens to btc generations from now?
byu/Worth_Community_6157 inbtc
Posted by Worth_Community_6157
4 Comments
It’s important to understand why BTC exists. It’s not meant to last forever. It’s meant go transfer wealth through the next financial collapse.
You can facilitate all of the worlds monetary need with just 1 Bitcoin (if you ignore the glaring throughput problem of BTC) How? Simple, Bitcoin can be divided infinitely. And it is the better option than printing money, because everyone keeps their value and just gets more units.
1 satoshi = 0.00000001 BTC
Problem is already solved. Very very very few ppl will have whole coins.
Here is my advice to you.
Make a solid plan to keep some bitcoin in your family for the next 4 generations.
Everybody else doesn’t plan longterm, and all their satoshis will eventually be scooped up by the institutions, hedgefunds and cooperations that can truly hodl for centuries.
Your great grandchildren will be amongst the only individuals on earth still having significant bitcoin in the next century – if you make a good plan.
No third parties, no lawyers, and no – just leave it up to the kids.
They will all sell, steal or just misplace it.