> Since the supply is known, one has to estimate the demand to estimate its price.
Is there any other asset we can make this statement about? That supply is 100% known and cannot change in future?
Is there any other asset we can make this statement about? That supply is 100% known and cannot change in future?
[0] https://www.coindesk.com/10m-bitcoins-havent-moved-in-more-t...
Let me know if I’m wrong
It just creates an additional coin and it already has happened dozen of times (Bitcoin Gold, Bitcoin SV, Bitcoin ABC, Bitcoin Cash, ...). Some of them claim to be "the real Bitcoin" but market consensus seems to disagree: All of them are either dead or valued at <1/100 of Bitcoin.
As long as you run your own node you define for yourself what Bitcoin is.
Changing the fixed cap would break consensus, so it can only be done with an overwhelming majority not only of miners, but also users, exchanges and merchants. (otherwise miners would mine an empty chain).
Every 4 years block reward halves, so in the next two halving block reward will be much less than fee reward, making it more and more irrelevant.
The 2140 is the date where it reaches 0, but it will be completely irrelevant in 12 years (3 more halving cycles).