RATE Group | How Much Will the Last Mined Bitcoin Be Worth? John McAfee Wants to Know
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How Much Will the Last Mined Bitcoin Be Worth? John McAfee Wants to Know

08 Aug How Much Will the Last Mined Bitcoin Be Worth? John McAfee Wants to Know

Posted at 04:03h in Bitcoin News by

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Bitcoin’s algorithmically-induced scarcity has already generated skyrocketing prices for the cryptocurrency. But the biggest spike in price may be reserved for the last bitcoin ever mined. And that is what is playing on the mind of tech mogul John McAfee.

“Thousands of miners spending, in some cases, millions of dollars each to find it (the last bitcoin). Can the value be less than the effort? The value would have to be hundreds of millions,” he wondered in a tweet. (See also: What Happens To Bitcoin After All 21 Million Are Mined?)

Reddit Responses

A Reddit discussion has some interesting responses to McAfee’s musings. For example, one user stated that the last bitcoin will never be mined because the reward for mining bitcoin by then will be close to zero. Others wondered about the utility of pondering over this question currently, especially since the event is far into the future. According to most estimates, it is expected to occur sometime in 2140. But that…

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