Want to be rich? Bitcoin’s limited supply cap means you only need 0.01 BTC
While purchasing 0.01 Bitcoin (BTC) might price just $500 today, current trends in global wealth distribution and the inevitable realization of Bitcoin's limited supply could result in 0.01 BTC being worth $one million in the future.
According to Credit Suisse'southward "Global Wealth Study 2020", there are 51.nine one thousand thousand individuals with a net worth surpassing $1 million. The index considers a person'due south net worth, along with their financial and real-manor assets, while deducting their debts and liabilities.
Despite representing just i% of the global population (excluding children), millionaires own 43% of the world's wealth.
According to Credit Suisse'southward individual wealth breakdown, 175,700 people were worth more than than $50 million. Of these, 55,800 were worth at least $100 million, and 4,410 had wealth over $500 million.
Bitcoin'southward finite supply will reach 98% in x years
Every bit of March ane, Bitcoin'south total supply consists of xviii.64 meg BTC, leaving 2.37 million coins to exist mined. In 10 years, the supply volition reach 20.half-dozen million, or 98% of the 21 million total money supply.
When removing the ane.ix 1000000 coins that haven't been touched for over a decade from Bitcoin'southward supply cap, there is a maximum limit of 19.two million BTC available for the world's millionaires. This leaves 0.37 BTC per millionaire, including the withal-to-be-mined coins, assuming Bitcoin's supply volition be evenly shared between said millionaires.
However, if every Bitcoin that has remained unmoved for five or more years is lost, a maximum of 14.57 million BTC will exist bachelor for accumulation. In this scenario, each of the world's millionaires could own just 0.28 BTC each, assuming supply is evenly distributed.
In the future, the wealthy volition fight for 0.01 BTC
In addition to the certified millionaires, there are 590 meg individuals whose cyberspace worth exceeds $100,000. These people shouldn't be disregarded as potential holders, even though their purchasing power is less.
Assuming the global wealth proportion shown in the nautical chart above stays the same, millionaires represent 6.32 million coins out of Bitcoin'due south remaining supply, suggesting each private would have the opportunity to purchase but 0.12 BTC each.
The remaining 590 one thousand thousand individuals currently worth $100,000 or higher could effectively concord another v.nine million coins, resulting in a mere 0.01 BTC per adult.
To conclude, ownership 0.01 BTC today, roughly a $500 investment at current prices, tin assure one a elevation xiii% holder position. When comparison the relative wealth concentration of the fiat and Bitcoin markets, being among Bitcoin's top 13% shares the same exclusivity as being a fiat millionaire.
The views and opinions expressed here are solely those of the autho r and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves adventure. Yous should conduct your own research when making a decision.
Source: https://cointelegraph.com/news/want-to-be-rich-bitcoin-s-limited-supply-cap-means-you-only-need-0-01-btc
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