The crypto mining industry began on January 3, 2009, when Satoshi Nakamoto mined the first 50 Bitcoin. However, the future of miners is uncertain as the supply of Bitcoin is limited and once the cap of 21 million BTC is reached, they will no longer receive rewards. Transaction fees are expected to become the primary incentive for miners, but this shift may take years and the price of BTC in 2140 is unpredictable.
Bitcoin's value may not be measured in fiat currencies, but rather in energy terms, and the community may need to extend the hard cap beyond 21 million BTC to keep the network secure. Bitcoin investor and entrepreneur, Charlie White, believes that if Bitcoin becomes a reserve currency, it will likely be independent of Bitcoin mining schedules and this could drive up the price of BTC significantly.
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