Josemendez
Verified member
Earlier this year , we saw a new type of cryptocurrency that have their supply in Quadrillion and Zillions . There was a claim that they were built to accommodate global acceptance of cryptocurrency.
Bitcoin has a maximum supply of 21 Million. If the world should decide to accept it , will it be enough to circulate in the world ? , I don't think so .
The limited supply of bitcoin gave it the value it has and the attraction it is getting from investors ,but this is also a challenge as it might not be enough for the world to use. It is true that the price is quite high and will limit the number of person going for the coin , there is also people that might buy in Satoshi and if the number of people buying in Satoshi increases , there will more demand and those having big amount won't be able to sell . The small investors cannot even afford it by then.
I believe that bitcoin may be accepted in the world in future but it's usage will not be universal because if it's limited supply which can make it difficult for people to get .
Bitcoin has a maximum supply of 21 Million. If the world should decide to accept it , will it be enough to circulate in the world ? , I don't think so .
The limited supply of bitcoin gave it the value it has and the attraction it is getting from investors ,but this is also a challenge as it might not be enough for the world to use. It is true that the price is quite high and will limit the number of person going for the coin , there is also people that might buy in Satoshi and if the number of people buying in Satoshi increases , there will more demand and those having big amount won't be able to sell . The small investors cannot even afford it by then.
I believe that bitcoin may be accepted in the world in future but it's usage will not be universal because if it's limited supply which can make it difficult for people to get .