Do you want to get rich? The limited total amount of Bitcoin means that you only need 0.01 BTC to do so

In 10 years, Bitcoin’s limited total will almost be reached, which means that owners may only need 0.01 BTC to get rich.

Although the purchase of 0.01 Bitcoin (BTC) may cost only $ 500 today, current trends in the distribution of global wealth and the inevitable understanding of Bitcoin’s limited total could lead to a price of 0.01 BTC in the future to $ 1 million.

According to Credit Suisse ‘s “Global Wealth Report 2020” , there are 51.9 million people in the world with a net worth of more than $ 1 million. The index calculates a person’s net worth together with his or her financial and real estate, while deducting his or her debts and liabilities.

Although millionaires represent only 1% of the world’s population (excluding children), they account for 43% of the world’s wealth.

According to Credit Suisse’s distribution of individual wealth, 175,700 people are worth more than $ 50 million. Of these, 55,800 are worth at least $ 100 million and 4,410 wealth are over $ 500 million.

As of March 1, Bitcoin’s total supply is 18.64 million BTC, leaving 2.37 million coins for mining. In ten years’ time, this will reach 20.6 million, or in other words 98% of the total Bitcoin 21 million coins.

If the 1.9 coins that have been intact for more than a decade are removed from the total Bitcoin cap, there will be a maximum of 19.2 million Bitcoins available to the world’s millionaires. This, in turn, means that it leaves 0.37 BTC per millionaire, including coins that have not yet been mined, and assuming that Bitcoin’s total share is evenly distributed among these millionaires.

However, if every five or more years of Bitcoin are lost, a maximum of 14.57 million BTCs will be available for accumulation. In this scenario, each millionaire in the world can only have 0.28 BTCs, assuming the total is evenly distributed.

In the future, the wealthy will fight for 0.01 BTC

In addition to certified millionaires, there are 590 million people in the world with a net worth of more than $ 100,000. These people should not be ignored as potential owners, even though their purchasing power is lower.

Assuming that the share of global wealth shown in the chart above remains the same, millionaires represent 6.32 million coins of Bitcoin’s remaining stock, suggesting that each person would be able to buy only 0.12 BTC.

The remaining 590 million people, currently worth $ 100,000 or more, could hold another 5.9 million coins, resulting in just 0.01 BTC per adult.

In conclusion, buying 0.01 BTC today, an investment of about $ 500 at current prices, could secure a place in the top 13% of owner positions. Comparing the relative wealth concentration between the Fiat (regular money) and Bitcoin markets, Bitcoin’s 13% best share shares the same exclusivity as the Fiat Millionaire’s.

English article: https://cointelegraph.com/news/want-to-be-rich-bitcoin-s-limited-supply-cap-means-you-only-need-0-01-btc

NB! When investing, be sure to remember: invest money that you have no harm in, do preliminary research and think long-term!

This is not financial advice!