Eventually the available amount of Bitcoin will go to zero. This is because it is inevitable that people keep losing some Bitcoin every year because of password loss. Therefore it is a mathematical certainty that the available amount of Bitcoin of the total 21 million will continue to decline every year. In fact it is completely unknown how many Bitcoin have already been lost forever by being sent to erroneous addresses where the owner had no password or by being locked up and devices without passwords. There could be significantly less than 21 million Bitcoin already available because of past losses. Most of the losses probably came in the earliest days when Bitcoin was under a penny and people were quite careless with their Bitcoin.
Crackinjokes 0 points 1.4 years ago
Eventually the available amount of Bitcoin will go to zero. This is because it is inevitable that people keep losing some Bitcoin every year because of password loss. Therefore it is a mathematical certainty that the available amount of Bitcoin of the total 21 million will continue to decline every year. In fact it is completely unknown how many Bitcoin have already been lost forever by being sent to erroneous addresses where the owner had no password or by being locked up and devices without passwords. There could be significantly less than 21 million Bitcoin already available because of past losses. Most of the losses probably came in the earliest days when Bitcoin was under a penny and people were quite careless with their Bitcoin.