Today, ~450 BTC are still mined daily.
In ~20 years, itβll drop to roughly 28 BTC/day.
In ~40 years, itβll be down to about 0.44 BTC/day.
Have you worked it out yet?
The declining issuance is the feature β scarcity has a schedule. But it also means the fee market has to carry security by ~2140. Right now 450 BTC/day in subsidy buys an enormous amount of hashrate. 0.44 does not.
The real question isn't supply. It's whether transaction demand grows enough to replace that subsidy over the next century. Every sat you hold is an implicit bet that it will.