The cohort of long-term holders is now adding around 200,000 BTCs per month, which analysts say is far exceeding the monthly issuance of approximately 28,000 BTC. This is seen as a positive development for Bitcoin’s security in the short term, but it also raises concerns about the long-term sustainability of the emission policy. Arthur Breitman has expressed caution about the current situation, warning that the emission policy will need to change in the long run to maintain security. He also dismissed financial projections based on the halving as unserious.
However, crypto executives hold differing views on this matter. The process of adjusting the Bitcoin network protocol occurs automatically upon reaching a programmed block height. It is projected that all 21 million BTCs will be mined around 2140, after which miners will rely solely on transaction fees for rewards.
