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I don't know about a rally. But there is a specific maximum number of bitcoins. At the same time, they are becoming more accepted by traditional merchants. P
by MichaelCrawford 11y ago
I don't know about a rally.
But there is a specific maximum number of bitcoins. At the same time, they are becoming more accepted by traditional merchants. Perhaps the day will come when everyone uses bitcoin.
Given that, I have no doubt that the value of one bitcoin will steadily increase.
We are a long way from that maximum number, but my understanding is that it is getting harder and harder to mine each coin as time goes by. That is, if you mine one coin today, it will be somewhat more difficult for me to mine another coin tomorrow.
If that's really the case, then the value of bitcoin should grow quite a lot faster, as well as long before we reach the maximum number of coins.