Random thoughts on future Bitcoin supply

[Keila Faith Villanueva]

It happens occasionally. many bitcoin have gone dead because their owners lost the private keys. tell someone you really trust about your private keys in case the wealth dies with you.

[Oasisman]

Bitcoin's supply won't reach 21million in circulation even at this very moment, considering the number of lost Bitcoin caused by death and forgotten keys. Though custodial wallets and exchanges are gradually applying the option to put your crypto assets successor in case of death. But not everyone will use such service, so it is expected that the lost Bitcoin in circulation will grow in number and that's inevitable.

But it's sure this concern won't matter to us since we all gonna die way before the last Bitcoin is mined. But don't get me wrong, people are really curios about things to happen in the future lol. 

[TheGreatPython]

What effect do you think will it have on bitcoin? Certainly, you may think that price will be higher. Well, it will certainly but will it anymore be usable? With very much limited supply, won't it create disruption? Or, it will be as precious as diamond; I mean very much rare.

We have already seen it that it is possible for the 21 million cap for bitcoins to be increased, because there have once been an error  that caused that number to increase, so that shows that it is possible for that number to increased in future if the Devs wants to do that.

When people die they lose their coins forever if there is no one they have handed their passwords to be able to have access to the coins that are stored in that wallet. For now let’s just wait and see what happens, if there is really going to be a situation as such, the Devs are going to do whatever they are supposed to do.

[AngelaT34534]

The biggest possibility is that Bitcoin is broken down into smaller counting units instead of one, which can help solve the problem of too rare quantities. By the way, Bitcoin is already more expensive than diamonds hhhh