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Numbers dont lie.
There are only 21 million Bitcoins in existence, with around 19 million already mined. However, 3-4 million are lost, and 8 million are held by institutions like banks and large investors. This leaves roughly 7 million Bitcoins available for the 56 million millionaires worldwide. If we divide the available Bitcoins, each millionaire would get about 0.125 Bitcoin (or 12.5% of a Bitcoin). Simply put, there’s not enough Bitcoin for every millionaire to own even one full Bitcoin. I believe it will become a race for the remaining Bitcoin once governments start adopting it. This is not financial advice, just a simple observation based on the numbers. submitted by /u/SynthToshi [link] [comments]
There are only 21 million Bitcoins in existence, with around 19 million already mined. However, 3-4 million are lost, and 8 million are held by institutions like banks and large investors. This leaves roughly 7 million Bitcoins available for the 56 million millionaires worldwide.
If we divide the available Bitcoins, each millionaire would get about 0.125 Bitcoin (or 12.5% of a Bitcoin). Simply put, there’s not enough Bitcoin for every millionaire to own even one full Bitcoin.
I believe it will become a race for the remaining Bitcoin once governments start adopting it. This is not financial advice, just a simple observation based on the numbers.
[link] [comments]
