If a person has millions of Bitcoin and he dies one day.................

[BitcoinHodler]

this is a classic concern that has existed even from the beginning of bitcoin because of the limited and fixed number of coins that can ever be available. but luckily there are too many coins that lots of losses are lost among them and there is always 8 decimal points to work with.

[Nevis]

I dont thibk this will be a problem.Basically if that would happen then it will be a dead wallet and he lost the bitcoins if no member of his family will use it.Also bitcoins in that wallet maybe hijacked by someone hacker if he is aware of that thing that the user is dead

[Victorycoin]

The answer depends on certain things:

Did they owner share that he held bitcoin and give instructions to his family/in his will on how to gain control of them?

If he did not leave instructions and no clear way to acces them, they will likely be lost forever and go out of circulation.

Luckily the chance of such an amount being lost is insanely small because of the value.

While the chance of losing Bitcoin can never be ruled out, but someone that owns and control millions of bitcoin cannot be any Joe, Tom and Anna, etc out there, not the place of thinking about tomorrow. I strongly believe such huge amount would alert any owner of the need to be cautious, so he/she would most likely leave a trace somewhere of which time would tell.

[michkima]

If it does happen, then the amount of Bitcoin in circulation will drop that much and hence the prices will go up some more. I think this is one of the problems with bitcoin, throughout the lifetime of Bitcoins, there will be instances when a wallet will be lost with some Bitcoins in there. It doesn't matter if it's a million bitcoins or just one Satoshi. If we lost one billion wallets with one Satoshi, then the whole bitcoin network lost 10 BTC already. What if we lose this amount every year? Then, in turn, we lose 10 BTC a year and it will stack up till the end of time. Hence having only a finite amount of Bitcoins then losing Bitcoins every year because it is lost, then the amount of bitcoins circulating will eventually actually drop.

[FaucetRank.com]

If it does happen, then the amount of Bitcoin in circulation will drop that much and hence the prices will go up some more. I think this is one of the problems with bitcoin, throughout the lifetime of Bitcoins, there will be instances when a wallet will be lost with some Bitcoins in there. It doesn't matter if it's a million bitcoins or just one Satoshi. If we lost one billion wallets with one Satoshi, then the whole bitcoin network lost 10 BTC already. What if we lose this amount every year? Then, in turn, we lose 10 BTC a year and it will stack up till the end of time. Hence having only a finite amount of Bitcoins then losing Bitcoins every year because it is lost, then the amount of bitcoins circulating will eventually actually drop.

This is what practically may happen if someone has few satoshi in his account he'll not mind to give information to his family members for just one satoshi and his family members will also not bother to get those few satoshi.
if million of wallets every year go inactive and those have few satoshi each than big amount of bitcoin is going out of circulation.
And this will keep accumulating every year.

[deadsilent]

I dont really have any idea what will really happen to bitcoin when that happen. I think it could not moved or use it by anyone because its.locked in and it will stay forever on the wallet. But who knows some people find a way to hack any wallet because technology is very progressive every years are passing by. Also i think it can help to stablized more the price of it.

[rally]

I have a question about the amount of bitcoin there are. How many BTC are available now all around the world? And how many BTC can there maximum exist, or is there no limit?

[Kemarit]

If a person has millions of Bitcoin and he die one day and no body can hack his Bitcoin wallet than what will happen with those Bitcoin? Considering this situation is this possible that Bitcoin will not exists for use in the world any day since limited numbers of Bitcoin can be generated?

What is your thought on this?

im not sure how to answer that particular point but if you are just referring with the bitcoin itself if no one can hack the wallet it will be stored
no one will use it and it will bring big value because the price will be stay on top because of this coin not being use or dump i guess.

[Gotottack]

If it does happen, then the amount of Bitcoin in circulation will drop that much and hence the prices will go up some more. I think this is one of the problems with bitcoin, throughout the lifetime of Bitcoins, there will be instances when a wallet will be lost with some Bitcoins in there. It doesn't matter if it's a million bitcoins or just one Satoshi. If we lost one billion wallets with one Satoshi, then the whole bitcoin network lost 10 BTC already. What if we lose this amount every year? Then, in turn, we lose 10 BTC a year and it will stack up till the end of time. Hence having only a finite amount of Bitcoins then losing Bitcoins every year because it is lost, then the amount of bitcoins circulating will eventually actually drop.

This is what practically may happen if someone has few satoshi in his account he'll not mind to give information to his family members for just one satoshi and his family members will also not bother to get those few satoshi.
if million of wallets every year go inactive and those have few satoshi each than big amount of bitcoin is going out of circulation.
And this will keep accumulating every year.

If it does accumulate, we would have a gigantic amount of Bitcoins stuck in inactive wallets. What will happen if there has been indeed one million bitcoins that get stuck in those wallets? Then the amount of bitcoins that circulate would go down drastically, and in the end, prices will go up. This might be a great opportunity for some, but it would really be hard for others to transact Bitcoin if it cost so high. Especially when the transaction fees of miners stays the same. Imagine if the prices go to $1,000,000 per bitcoin and the transaction fees stay an average of 0.0002BTC to be confirmed on the next block, that would cost us $200 just to send a transaction over to the blockchain.

[FaucetRank.com]

I have a question about the amount of bitcoin there are. How many BTC are available now all around the world? And how many BTC can there maximum exist, or is there no limit?

It is hard to tell that how much Btc are available in all around the world, But maximum 21 millions bitcoins can be generated so Bitcoin is limited in numbers.

[rally]

I have a question about the amount of bitcoin there are. How many BTC are available now all around the world? And how many BTC can there maximum exist, or is there no limit?

It is hard to tell that how much Btc are available in all around the world, But maximum 21 millions bitcoins can be generated so Bitcoin is limited in numbers.

So, there can never be more than 21 million BTC. When will the maximum be reached? If you can count good, there is not 1 BTC available for every person in the world? If there are only 21 million, is it not so that it will never be a good kind of money to pay with? There can only be a very small % of people in the world who can have 1BTC.

[clickerz]

I dont really have any idea what will really happen to bitcoin when that happen. I think it could not moved or use it by anyone because its.locked in and it will stay forever on the wallet. But who knows some people find a way to hack any wallet because technology is very progressive every years are passing by. Also i think it can help to stablized more the price of it.

I think Yes it will stuck on his wallet forever unless he has given is private keys and train on bitcoin how to retrieve it. Also, since that bitcoin can not circulate anymore, bitcoin demand will be affected.

I have a question about the amount of bitcoin there are. How many BTC are available now all around the world? And how many BTC can there maximum exist, or is there no limit?

I think you can check here on www.coinmarketcap.com

[leowonderful]

I have a question about the amount of bitcoin there are. How many BTC are available now all around the world? And how many BTC can there maximum exist, or is there no limit?

It is hard to tell that how much Btc are available in all around the world, But maximum 21 millions bitcoins can be generated so Bitcoin is limited in numbers.

So, there can never be more than 21 million BTC. When will the maximum be reached? If you can count good, there is not 1 BTC available for every person in the world? If there are only 21 million, is it not so that it will never be a good kind of money to pay with? There can only be a very small % of people in the world who can have 1BTC.

The maximum will likely be reached around the 22nd century, as the last true block will be mined and it'll become transaction fees from there on out. I doubt we'll have many supporters on Bitcoin as it'll likely have fallen to some other more superior coin by then, believe it or not, but one can always hope

[btccashacc]

I dont really have any idea what will really happen to bitcoin when that happen. I think it could not moved or use it by anyone because its.locked in and it will stay forever on the wallet. But who knows some people find a way to hack any wallet because technology is very progressive every years are passing by. Also i think it can help to stablized more the price of it.

As long as the dead person keeps his private key offline, i don't think that anyone can hack it for example if he used offline wallet in this case is desktop wallet, all the hacker need is to hack his pc and  it is harder than hacking password, moreover if he used paper wallet i don't think they can do that, all we know that paper wallet is a good way for storing bitcoin and stay away from the hackers, however hackers always find a new method to reach their goal but it's depends on people, securing their wallet, basically every wallet has its unique features which allows hackers to stay away from your bitcoin.

[BTCLovingDude]

I have a question about the amount of bitcoin there are. How many BTC are available now all around the world? And how many BTC can there maximum exist, or is there no limit?

It is hard to tell that how much Btc are available in all around the world, But maximum 21 millions bitcoins can be generated so Bitcoin is limited in numbers.

So, there can never be more than 21 million BTC. When will the maximum be reached? If you can count good, there is not 1 BTC available for every person in the world? If there are only 21 million, is it not so that it will never be a good kind of money to pay with? There can only be a very small % of people in the world who can have 1BTC.

who said every single person on the planet should use bitcoin? and they never will there will always be a small percentage using bitcoin. also there is nothing called bitcoin as far as code is concerned. there is only satoshi and what you are calling 1BTC is defined as 100000000 satoshi in code. now do you still think there isn't enough coins for everyone?

besides what you are saying is a problem for the future and that future won't come in our lifetime.

[Vaskiy]

One holding such a big number of bitcoin is possible only with early adopters. In my view one won't just hold such a big number of bitcoin, at least they will invest into various firms in different forms.

[TreeOfDeath]

i think that before he dies he would rather tell his family members to continue,
but in my case if i will be in his place then i would donate to the poors and some needies

[carlisle1]

I dont really have any idea what will really happen to bitcoin when that happen. I think it could not moved or use it by anyone because its.locked in and it will stay forever on the wallet. But who knows some people find a way to hack any wallet because technology is very progressive every years are passing by. Also i think it can help to stablized more the price of it.

That will be possible if only that hacker knows the persons' identity and his activity durimg his time when he's still alive there's one of his family member who has knowledge on computer technology and know that the person who passed away is using and kept bitcoin then there will be a chance to get the coin. Probably the said amount of bitcoin will be lost forever that's the only consequence that I can see.

[kryptqnick]

I think nobody has such amount of btc (maybe a few people aroung the whole Earth), so this isn't likely to happen. If it happened. however, I suppose those btc would be in a frozen state forever and yet not burned. I think we need a law for such cases just like there are in a bank. The law to unlock the wallet to which nobody got access for 70 years, for example. But... wait.. it's impossible, isn't it? That's a problem then.

[staff_1307]

I think that a man with such Bitcoins amount in your account, very intelligent, so tell someone of his relatives data account.