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It's not quite market price, it's miner rewards. As Bitcoin gives off less and less rewards (it halves the amount every 4 years), the amount of miners should go

It's not quite market price, it's miner rewards. As Bitcoin gives off less and less rewards (it halves the amount every 4 years), the amount of miners should go down, as it then becomes unprofitable for a lot of them. This is actually a second problem of Bitcoin though - If in say 20 years it ends up being worth a lot, and gives very little mining revenue causing few people mine it, it becomes vulnerable to attack from nation states. Because the cost of a 51% attack is only a fraction of the possible rewards for a successful attack.

cesarb 5y ago
> As Bitcoin gives off less and less rewards (it halves the amount every 4 years), the amount of miners should go down, as it then becomes unprofitable for a lot of them. Unfortunately, there are second order effects. The miner reward is a constant selling pressure on Bitcoin, as miners must sell some of the rewards to pay for electricity and hardware. As Bitcoin gives off less and less rewards, this selling pressure reduces, which tends to increase the Bitcoin price (less supply for the same demand).