In 2044, the bitcoin block reward will be 0.097 coins.
A new block is mined every 10 mins. In 24 hours, only 14.4 new bitcoins will enter circulation per day.
If all 50 million bitcoin wallets today want to buy $10 of bitcoin per day ($3,650 per year), that means $500 million dollars of demand will have to split the 14.4 bitcoins in supply.
500,000,000 / 14.4 = $34,722,222 for 1 bitcoin.
This is assuming all available bitcoins on exchange are dried up by that point and are in cold storage, and the available bitcoin to buy are the 14.4 coins that are being mined per day. Probably won't be the case.
But, this is also assuming ONLY 50 million people will be buying bitcoin. Really, it may be hundreds of millions or 1 billion people wanting to buy at that point.
This is also assuming those 50 million people only want to buy $10 worth per day, which is only $3,650 per year. We know this is not the case because even I buy more than $10 per day and I make minimum wage.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments