What would happen if the very last block were mined? Will the value of bitcoin finally be stabilized?
There will be stability when Bitcoin becomes mainstream and widely used all over the world. Right now, we cannot expect Bitcoin to be like this because it is only being used by a very small portion of the world's population. The implication is that while the Bitcoin users are growing every minute in large volumes, you cannot expect the price to remain stagnant. It will continue to grow. At the same time, there are a handful of people who are holding huge amounts of Bitcoin. If these people will dump, the value will definitely be affected. If and when Bitcoin becomes the default currency in the world, its price will not anymore move in huge strides.