As of right now, over 17 million Bitcoins have been mined and are either being actively traded or held in wallets. You may think that is a huge number, but it’s not with the maximum cap of Bitcoins being 21million. That puts the total number of already mined Bitcoins to around 90%. This leaves us with only about 3 million Bitcoins to be mined. If you are a Bitcoin investor or miner, that leaves you wondering what exactly will happen to the crypto market once the last Bitcoin is mined and in circulation?

There is no need to panic, though, as Bitcoin’s limited supply gives it anti-inflationary properties. Bitcoin’s finite supply ensures its scarcity and value. As such, it cannot be devalued by limitless supply. Imagine if the world had a limitless supply of gold; it wouldn’t be as much of a priceless metal then.

Bitcoin Halving and The Crypto Market

Bitcoin halving is the process by which the miner’s compensation hold declines by 50% every four years. This idea was meant to build a method that would self-sustain itself, like gold mining. Thus, the idea of Bitcoin halving came to life as a way of managing stock.
After the first Bitcoin halving on November 28th, 2012, mining awards dropped from its initial 50 BTC to 25 BTC.

The following year, Bitcoin’s market price crashed to 1,000 USD.
On July 9th, 2016, another Bitcoin halving occurred and had an all-time wave of around 19,000 USD, which jumped to 20,000 USD by December 2017. Similarly, BTC mining compensation dropped to 12.5 BTC. It was after the Bitcoin halving that its price started climbing exponentially.

The next halving is expected in May 2020, with the market, miners, and investors in Bitcoin wondering what will unfold. We are months away from the next halving function. It is, however, key to note that the 2020 Bitcoin halving will probably produce a comparable development to its predecessors. For one, we are sure that the Bitcoin miner’s compensation will be halved from 12.5 BTC to 6.25 BTC. Many crypto supporters and marketers expect the Bitcoin price to skyrocket during the BTC halving stage.

Should this trend continue, then we should expect a total of 64 halvings before the total cap of Bitcoins is tapped out. That will be sometime in 2140. So, there is still plenty of time to prepare for and keep the crypto market afloat and profitable. If anything, it is really a problem for the incoming generation to deal with.

How the Crypto Market Will Survive

There are three vital pillars that the crypto market can implement to keep the Bitcoin ecosystem functioning. Here are the pillars that the crypto market can implement:

1. Transaction Fees

Miners in the Bitcoin network both for mining new Bitcoin blocks and confirming transactions. Therefore, anyone who wants to make Bitcoin transactions have to pay a transaction fee. And with the Bitcoin network growing popular by the day, these fees also keep rising. The crypto market benefits from this by ensuring providing miners with the incentive to get more blocks for trading. You can, therefore, expect transaction fees of Bitcoins to keep growing in the future to ensure that miners don’t leave the Bitcoin network. Take the use of Bitcoin CFD, for example. Bitcoin traders will still be able to capitalize on the coin’s price movement without necessarily having to purchase it. Then make a buy or sell decision later when they believe that the market is ripe for it. Thus, keeping the crypto market running. Read these Bitcoin trader reviews for more guidance about who you should be trusting with your investment.

2. The Value of Bitcoin

In an ideal scenario, you can expect a significant increase in the value of Bitcoins. That will probably be the only option for transaction fees and other factors to remain enough incentives for miners and keep the crypto market afloat. Interestingly, the structure of Bitcoin is built in a way that its value keeps rising no matter the number of Bitcoins already mined and the number still left behind.
The finite supply of the cryptocurrency also ensures that its demand keeps rising, benefiting the crypto market, for now. An increase in demand automatically increases Bitcoin’s value and as such, also increases the fees that miners receive for every Bitcoin mined.

3. Mining Costs

With technological advancements, we should also expect the cryptocurrency mining costs to go down significantly. When this happens, it can significantly reduce the number of investments that miners make for trading. This can work in favour of the cryptocurrency as both miners and investors in the cryptocurrency industry will be more open to their higher ROI. As such, even if miners receive lower rewards than they initially received, both parties will still profit from Bitcoin investment.

Bottom Line

From the above content, it is a possibility that Bitcoin mining might remain profitable even after all the 21 million coins have been mined. The crypto market still has enough time to adapt to the inevitable Bitcoin future. As such, you can expect to see the crypto market generate even more revenue from the world’s leading coin.

It takes conscious effort to save money. Whether you are looking to get out of debt or add more to your emergency fund, there are many obstacles one must overcome to save money successfully. 

Fortunately, there are many techniques, rules of thumb, and strategies that can help you spend less and save more. If you are unsure of where to start, try one of the following strategies to see how well each technique works for you. 

Track Your Spending

The most crucial step to take when saving money is first to understand where your money is being spent. It is easier than ever before to track your spending thanks to downloadable apps and programs. These tools allow you to see all your purchases in the same place and make a note of precisely what you are spending money on. 

Many money-tracking apps also allow you to organize your spending into categories like restaurants, bills, or online shopping. Once you have a better idea of how much money you are spending and what you are spending it on, you can decide what things to cut back on. 

Cut Back on Spending

When you take a closer look at your spending, you may find several trivial things that you can spend less money on. The critical thing to remember is that you don’t necessarily have to give things up entirely, especially if they bring you joy. Instead, determine ways to spend less. There are several techniques you can utilize to cut back on the amount of money you spend.

Distinguish “Needs” from “Wants”

Before you place your next online shopping order, take a minute to determine if you actually need what you are about to buy, or if you only want it. The next time you consider making a stop for a specialty cup of coffee, make your own at home instead. 

There are many expenses that can be erased entirely if you focus more on your needs, rather than indulging in your wants. 

Reconsider Your Subscriptions

Do you pay for a subscription to a magazine you hardly read? Cancel it. Are you subscribed to multiple streaming services? Stick to one or two of your most utilized streaming services and unsubscribe from the rest. If you find yourself spending a lot of money gaming online, try playing on websites where you can instead play without making a deposit. 

Buy Generic

When it comes to just about every available product in the supermarket, generic brands are just as good as the name-brand ones. If you have been spending more money on name paper products, staple food items, cleaning supplies, and more, opt for generic brands instead. You will save a surprising amount of money without sacrificing quality. 

Try to keep in mind that every decision you make has an impact, whether big or small, on the total amount of money you spend. 

Establish Goals for Savings

Once you get an idea of things you can cut back on to save money, you should establish savings goals. Determine precisely how much money you want to save and how long you think it should take. The more you need to save and the less time you have to do it will determine just how many cutbacks you need to make. 

Give Up Spending for A Day, A Week, Or A Month

This may sound impossible, but even the biggest spenders can benefit from a spending freeze. For a set amount of time, whether it’s a day, a week, or a month, avoid buying any nonessential items. Of course, there are certain expenditures that are unavoidable. But by giving up extra spending for even a short period, you can save a significant amount of money. You can also set aside the money you would have spent or put it directly into savings so you can see exactly how much money you saved during your spending freeze. 

Sell Everything You Can

To set yourself up for success and get a head start on saving money, consider selling anything and everything you can. Anything that you no longer use or rarely use, as well as anything that doesn’t “bring you joy” as per Marie Kondo, can be put up for sale. 

There are endless ways to sell various items you no longer want or need. Larger or more expensive items can be sold online. Whether you place them for sale on eBay or list them on Facebook Marketplace, there is a good chance someone else will want your item badly enough to pay for it. Any clothes that no longer fit or that you don’t wear can be put up for sale on Poshmark. Local jewelers may be interested in some of the jewelry you have laying around. 

Look around your home to see what items you can sell, and consider how much you could potentially make from them. The money received from selling your items can make a big difference in the amount of money in your savings.