๐ฅ$BTC
Over 94% of all Bitcoin that will ever exist has already been mined. Yet, the most captivating aspect of Bitcoin isnโt where we are nowโitโs what comes next. We are living through the unfolding of one of the most intriguing economic experiments ever conceived, and the endgame is far from certain.
Hereโs the twist no oneโs addressing: Today, Bitcoin miners earn approximately $28 million daily to keep the network secure. But by the year 2140, block rewards will vanish entirely, dropping to zero. Consider thisโthere are only 1.2 million Bitcoin left to mine, which is fewer than the number of millionaires in Japan. Moreover, miners depend on block rewards for 98.2% of their revenue, while transaction fees account for just 1.8% (roughly $500,000 per day). Factor in the estimated 2-3 million Bitcoin already lost forever due to forgotten passwords, and the future starts to look precarious.
This isnโt just a question of priceโitโs a question of sustainability. Without significant changes, Bitcoin faces a critical juncture: either transaction fees skyrocket, making them costlier than international wire transfers, or the networkโs security budget dwindles to laughably low levels. Imagine building a trillion-dollar financial network, only to hinge its future on the assumption that future generations will be willing to pay luxury-level fees for standard transactions.
Are we silently steering toward the slow unraveling of Bitcoinโs security model? This is the economic puzzle of our timeโone with a century-long fuse. What are your thoughts?
#Bitcoin #EconomicTheory #NetworkSustainability $BTC