is the value of Bitcoin? Limited Issue

• Posted by Ted Reddit November 22, 2021 Filed in Other ##bitcoin  243 views
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  One of the most important and unique features of Bitcoin - its limited issuance. Within the Bitcoin code itself, it is stipulated that only 21,000,000 coins can be issued (mined), not a coin more.

   

  In the process of issuing coins new Bitcoins are mined.

   

  This process is prearranged by the Bitcoin algorithm-program and is limited in time. According to this program, all Bitcoins will be mined by 2140. That is why when the demand for Bitcoin increases, its price will also increase because no one can physically produce more coins in order to increase the supply and get rich.

   

  This is usually the case with fiat (government) currencies or natural resources, for example.

  Is the demand really growing? The answer is unequivocally yes!

   

  Even today there is news that many government agencies, global companies and corporations of absolutely different orientations, as well as social networks integrate Bitcoin or cryptocurrencies into their ecosystems.

   

  The most prominent banks in the U.S., Germany and other countries are integrating Bitcoin into their products and creating services for exchanging and storing cryptocurrencies.

   

  Major companies such as PayPal, Visa, Mastercard have already created opportunities to pay for any goods and services with bank cards. Twitter is exploring the possibility of integrating Bitcoin and cryptocurrencies into the social network for internal needs. And the list goes on and on!

   

  Image from public sources of information

  As a consequence, we are seeing a steady and orderly rise in the price of Bitcoin. Many analysts predict the price of Bitcoin to rise to $100,000, $1,000,000 and even $10,000,000 in 10 to 30 years!

   

  Such a forecast is not even surprising, because if today Bitcoin has already attracted so much attention of the world community from ordinary people to global corporations and government agencies, then its recognition and popularity will grow every year, considering all the unique properties of Bitcoin.

   

  The demand for Bitcoin will increase progressively, and given its limited issuance, the price will soar higher and higher, and $1,000,000 per 1 BTC is not as distant a future as it may seem at first glance. There is also a growing demand for tokens, which have become very popular as well as bitcoins. Tokens are often used to buy or sell unique items, characters or skills in games such as https://nftotters.com.