If Bitcoin becomes too expensive to mine, the difficulty adjusts downward until it becomes cheap enough again. https://en.bitcoin.it/wiki/Difficulty https://en.

If Bitcoin becomes too expensive to mine, the difficulty adjusts downward until it becomes cheap enough again. https://en.bitcoin.it/wiki/Difficulty https://en.bitcoin.it/wiki/Difficulty You are correct that people have a higher incentive to obtain Bitcoin than to spend it. It doesn't follow that there is no incentive to obtain it.