If every millionaire wanted 1 BTC, they couldn't have one.

According to this study, http://publications.credit-suisse.com/tasks/render/file/index.cfm?fileid=168E2808-9ED4-5A5E-19E43EA2A731A4ED

there are 35.9 million USD millionaires in the world. With 21 million BTC max in existence, they could each only have at most 0.585 BTC (even less if 2-4 million BTC is lost forever.) And that's if no governments, banks, or other corporations wanted any.

Think about that. They couldn't each have one. It doesn't matter how rich those people are. How many millionaires are you preventing from owning a whole BTC?

buy and HODL



Submitted February 12, 2018 at 11:25PM by nsoniat http://ift.tt/2BpQbFV

Comments

Post a Comment

Popular posts from this blog

Coinmarketcap are listing BCH sites as BTC

Under here: https://coinmarketcap.com/currencies/bitcoin/ They have links to https://bitcoin.com/ and https://forum.bitcoin.com/ which are no longer BTC sites; they're BCH sites. I'm not good at twitter and don't have many followers but I've tweeted at them here: https://twitter.com/bitplane/status/955918445014585344 Can we raise awareness of this and get them to change it please? Submitted January 24, 2018 at 02:47AM by david-song http://ift.tt/2DtOW70
Read more

15 years of BTC Power Law

5 years ago I made a post in this subreddit showing that BTC is a power law: Price=A*days^n, (days from Genesis Block), n=5.8. Many didn't believe me and said the past doesn't predict the future. Well, after 5 years it turns out that BTC continues its power law behavior with similar exponent. A power law is not another formula or model but the same mathematical behavior behind river formation, mountains growth, cities development, GDP vs population, and metabolic rate. Everything important is ruled by power laws, so BTC. BTC is a force of Nature. Here is the original post: https://www.reddit.com/r/Bitcoin/comments/9cqi0k/bitcoin_power_law_over_10_year_period_all_the_way/ https://preview.redd.it/ygtk3bb1fkac1.png?width=3211&format=png&auto=webp&s=46261e53d34b1d904f72eaf159cfaaf2999290ba ​ Submitted January 05, 2024 at 11:26AM by Econophysicist1 https://ift.tt/sdnkAoG
Read more