Does Bitcoin ever run out?
After all 21 million bitcoin are mined, which is estimated to occur around the year 2140, the network will no longer produce new bitcoin. The block subsidy will go to zero but miners will continue to receive transaction fees, which will make up an ever greater portion of the block reward.
Bitcoin's supply is capped at 21 million. The final halving will be in 2140. From then on, no new BTC will be minted. After the last bitcoin has been mined, miners will no longer receive bitcoin rewards for adding blocks to the blockchain.
About 19.6 million Bitcoins are in circulation as of 2024. Only 21 million bitcoins can ever be mined — but projections say the last won't be mined until around 2140. A major constraint on how many bitcoins there are is the block reward halving process — and a halving event is expected in April 2024.
The supply of bitcoins is replenished at a set rate of one block every ten minutes. The system design reduces the number of new bitcoins in each block by half every four years. There are only about 2 million bitcoins left. Experts predict that the last bitcoins will be mined by 2140.
Here is everything you need to know as we approach this key milestone. How often do halvings occur? Halvings occur approximately once every four years, and they are expected to continue until the year 2140, when the amount of bitcoin in circulation is forecast to reach its maximum supply.
Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is believed to own the most bitcoins, with estimates suggesting over 1 million BTC mined in the early days of the network.
However, now she is reconsidering her timeline and believes that the cryptocurrency will hit the seven-figure mark before 2030. The primary catalyst that has forced her to reshape her prediction is the Bitcoin exchange-traded funds (ETFs) that were approved back in early January.
As of March 2023, the top 1% of Bitcoin addresses hold over 90% of the total Bitcoin supply, according to Bitinfocharts.
How many people own 1 full Bitcoin? According to the blockchain analysis platform BitInfoCharts, more than 1 million wallet addresses hold at least 1 BTC.
We predict that Bitcoin will hold an average price of $60,000 in 2024, thanks to the Halving event, and settle more in 2025 with an average of $65,000. In 2026, we see Bitcoin trading as high as $90,000 by the end of the year. By 2030, we predict that Bitcoin could reach a high of $160,000.
What happens when Bitcoin runs out?
However, once the maximum supply of 21 million bitcoins is reached, these block rewards will cease. Miners will then solely rely on transaction fees as their compensation for validating transactions and securing the network.
Satoshi Nakamoto owns the most bitcoin with an estimated 1.1 million BTC. Satoshi not only invented but also kickstarted Bitcoin, by being the first miner to create blocks of transactions.
After all 21 million bitcoin are mined, which is estimated to occur around the year 2140, the network will no longer produce new bitcoin. The block subsidy will go to zero but miners will continue to receive transaction fees, which will make up an ever greater portion of the block reward.
Fidelity Predicts: $1B per 1 BTC by 2038 — 2040
Jurrien Timmer, the Director of Global Macro at Fidelity Investments, thinks the value of a single Bitcoin could reach $1 billion by the year 2038 — very close to our Bitcoin price prediction 2040 target date. Timmer's demand model is rooted in Metcalfe's Law.
Unfortunately, it's also incredibly volatile. For that reason, while current market conditions are favorable for anyone considering buying Bitcoin, it is an asset you should purchase only at your own risk. Because while Bitcoin may have the potential for significant returns, you may also lose most of your investment.
Bitcoin halving is when the reward for bitcoin mining is cut in half. Halving takes place every four years. The next halving is expected to occur sometime in 2028. The halving policy was written into bitcoin's mining algorithm to counteract inflation by maintaining scarcity.
- Here are the richest people in crypto in 2024.
- Joe Lau.
- Nikil Viswanathan.
- Tim Draper.
- Stuart Hoegner.
- Mike Novogratz.
- Tyler Winklevoss.
- Cameron Winklevoss.
| Billionaire (source of wealth) | Net worth in billion U.S. dollars |
|---|---|
| Changpeng Zhao (Binance) | 65 |
| Sam Bankman-Fried (FTX) | 24 |
| Brian Armstrong (Coinbase) | 6.6 |
| Gary Wang (FTX) | 5.9 |
| Year | Minimum Price | Average Price |
|---|---|---|
| 2024 | $83,001.70 | $85,601.44 |
| 2025 | $122,154.78 | $125,577.44 |
| 2026 | $177,945.20 | $184,224.58 |
| 2027 | $263,695.63 | $272,906.71 |
What will $1000 of Bitcoin be worth in 2030?
If Bitcoin continues this pattern into 2030, the price could peak around 2029 or 2030. If Wood is correct and Bitcoin reaches $3.8 million, if you invested $1,000 in Bitcoin now, it would be worth $54,280 in 2030. This would result in a compounded annual growth rate (CAGR) of nearly 95%.
By 2040, Bitcoin could surpass $1 million and reach a high point of $1.16 million, which would be a +2,275% increase compared to today's prices. Going further, BTC is expected to break the $1.4 million mark by 2050.
In 2017, Taihuttu, his wife, and three daughters liquidated all they owned, trading a 2,500-square-foot house and virtually all their earthly possessions for bitcoin and a life on the road. This was back when the price of bitcoin was around $900. Bitcoin is currently trading around $19,700.
The legend of Satoshi Nakamoto, the anonymous bitcoin founder, is a mystery built for the digital age. His true identity has become mythologized, and while no one knows who he is, he's become a symbol of a new era of freedom in finance and technology.
Furthermore, were Nakamoto to be ranked on the Forbes Real-Time Billionaires list, the creator of Bitcoin would stand as the 26th richest individual globally. The 24th through the 27th richest in the world if Satoshi Nakamoto was included in the billionaires' list on Feb. 25, 2024.
