Imagine the following: after 9 more halvings, only about 0.9 bitcoins will be produced per day (exactly 0.8789 bitcoins every 24 hours). This means that this “small” amount of bitcoins will have to cover all the electricity and computing power spent on bitcoin mining by miners around the world for 1 day. Now imagine how much this will represent in dollars by then, considering the continuous growth in the Bitcoin network’s hashrate. If today the cost of 1 day of bitcoin mining is remunerated with 450 BTC plus network fees, then how much will bitcoin have to be worth in the future so that just 0.9 units of this currency plus the value of the fees are enough to cover the daily cost of mining it?
Considering bitcoin at $90,000, the current daily reward for miners is around $40 million (without considering transaction fees received). If today just 0.9 bitcoin had to represent this same amount, bitcoin would now need to be worth an incredible $45 million (!), which means that with just 0.023 bitcoin (something around $2,000 at the current exchange rate) you would already be a millionaire in this imaginary future, which could be even more anticipated, the more satoshis are added to the value of 0.023 BTC considered above. #BTC☀️ #hodl #DYOR.
Note: This article is not an investment recommendation. Study and decide how and where to invest based on your own convictions.
