Replies to post #22824 on Grayscale Bitcoin Trust (GBTC)

[Barami]

Lol so what if, my boy you have a lot to learn. You think bitcoin is the only crypto there is. Lol bitcoin is a dinosaur and no real utility. The future is coins with utility.

[Amatuer17]

Before that we all will be dead.

18 million of 21 million bitcoins are already mined -

- 10-15% are permanently lost
- 25-30% bitcoins have not moved in many years
- 10-20% people do not want to trade
- only 900 bitcoins are mined per day (which will halve in 2023)

Co like MSTR, mass mutual. SQ and PYPL are buying in big chunks - so crazy demand with virtually no new supply causing the surge

Unless the long term holders sell their big holdings (at what price we do not know) this will jump

[FooBarAndGrill]

My prediction for 120 years from now:
The last fraction of a bitcoin will be mined. People will be trading Satoshis. Trades will still be recorded in blocks on the blockchain and the miners will collect fees for recording the trades. The difficulty factor, as always, will be adjusted to keep the system running smoothly.