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The price of Bitcoin has been rising recently. So, what is the reason? The editor has briefly talked about it for everyone before. So today, the editor will come to let you know about what kind of changes will happen to the market price of Bitcoin after it is mined? I hope my wonderful content can be helpful to everyone. Thank you all for watching.

Currently, there are less than 4 million Bitcoins that have not been mined, John
McAfee took to Twitter to discuss “the value of the last Bitcoin.” He is not satisfied with the behavior of miners, because many miners have sold large amounts of Bitcoin on the market. In his view, “No miner faces financial losses because of mining Bitcoin, and mining income has nothing to do with price.” The key lies in mining difficulty.

The Bitcoin enthusiast said on Twitter: There are less than 4 million Bitcoins that have not been mined. How much do you think the last Bitcoin is worth? Thousands of miners spent millions of dollars just to find it. Is it worth less than what it costs? It has to be worth billions of dollars.

McAfee's tweet sparked heated discussion. A programmer mentioned that the price of the last Bitcoin will not be less than $100 million. Think about it carefully. It may take miners weeks or even months to mine the last Bitcoin. Mining difficulty will skyrocket. It is impossible to say that the last Bitcoin was not worth $100 million. McAfee later added that from the perspective of miners, their control is far greater than people imagine, and they will naturally "drive the price of Bitcoin upward."

Miners have more control than you think. Mining can drive Bitcoin prices up. Miners have invested billions of dollars in mining equipment, and the last Bitcoin must be worth over 100 million.

McAfee has become an internet celebrity in the cryptocurrency world for his exaggerated statements. From announcing his candidacy for president to serving the cryptocurrency community to swearing to predict the price of Bitcoin, McAfee has never stopped tossing. In fact, McAfee had previously revealed his thoughts on the value of the last Bitcoin in a video interview. He believes that the last Bitcoin is worth 500 billion US dollars, otherwise he will eat the shoe in public (well, everyone also knows that you can't wait for that day).

However, Bitcoin price prediction is like "Schrödinger's cat" and no one can give an accurate answer. Many long-term holders don't care about the currency price trend. They care more about the development of Bitcoin. So what will happen in 2140, when all 21 million Bitcoins are mined?

Bitcoin is similar to gold in many ways. Like gold, the output of Bitcoin is not random. Gold must be mined from the ground, Bitcoin was created digitally. According to the rules set by Bitcoin creator Satoshi Nakamoto, the supply of Bitcoin is limited, which is similar to gold. The total number of Bitcoins is 21 million. Once miners have mined so many Bitcoins, the entire Bitcoin supply is released, unless there are changes to the Bitcoin protocol.

Bitcoin supporters say that, like gold, a limit on the total amount of money means that banks are restricted and cannot issue credit media at will. So what will happen when the Bitcoin supply reaches its peak?

**Impact on Bitcoin Miners**

The group directly affected by the supply of Bitcoin is Bitcoin miners. Critics believe that once Bitcoin reaches a total of 21 million, miners will no longer receive block rewards. As a result, the only source of income for these miners is transaction fees. Some people believe that some miners will find that this income is significantly lower than before, which will lead to a sharp decrease in the number of miners and the Bitcoin network becoming centralized, which will have a negative impact on the Bitcoin ecology.

This view assumes that transaction fees will keep Bitcoin miners from making ends meet. But we also have reason to believe that transaction fees and mining costs can be equalized in the future. In a few decades, mining chips will likely become smarter and more efficient. This can reduce the burden on miners and reduce the cost of mining. Additionally, transaction fees may also increase in order to maintain miners’ income levels.

**Impact on currency price trends**

Bitcoin prices have risen significantly in recent years. While no one is sure how influential Bitcoin will be in the financial world, its limited supply is likely to drive price growth.

There are currently a lot of "sleeping" Bitcoins, and a large portion of them belong to Satoshi Nakamoto. Maybe these 1 million Bitcoins are prepared to meet the growing demand in the future. The introduction about how the market price of Bitcoin will change after it is mined? What impact will it have on the market? That’s all for today. It is unknown whether the price of Bitcoin will develop in the predicted direction.