total bitcoin production is capped at 21 million, we are presently close to 9 million in supply and production is around 50 bitcoin every 10 minutes, but will be reduced to 25 every 10 minutes in the fall of this year. If the demand for bitcoin is greater than the supply than the price will rise, depending the scale of demand the price of a single bitcoin to rise into the thousands of dollars range or go beyond.
total bitcoin production is capped at 21 million. How about the bitcoin that are lost forever. For example, the wallet file is gone or collapse. The portion of bitcoin will nerver shown up again.
I think bitcoins should be generated on a stable rate instead of giving it a cap.