Former Google Director Steve Lee has, through Twitter, revealed that once we do the math, only 1% of the world will be able to have as much as 0.28 BTC as the flagship cryptocurrency’s rate is limited to 21 million BTC. There are currently over 7 billion people in the world which does make sense.

As Lee pointed out via Twitter, this means that a mere $1,830 investment will mean those who are early enough adopters will be in the 1%. He said:

“If you own 0.28 BTC and HODL, you can be certain no more than 1% of the current world’s population can EVER own more BTC than you. A modest investment of $1,830 today can ensure you are a 1%er in a future Bitcoin world.”

Bitcoin has hit an all-time high above $20,000 and has now plummeted to about $6,500. Various experts believe its price is about to surge  in the near future as seasonality charts show the last quarter of each year has been extremely positive for the crypto market in general.

Bitcoin’s 21 million cap is expected to be hit on the year 2140 which means we’re still a long way off of the possibility of a $1,830 investment making sure we’re in the top 1% of the richest people in the world.

Nevertheless, through a nice hardware wallet this means it’s possible for then ext generation – if science doesn’t evolve too much until then – to get there.

Alternatively, if BTC and crypto adoption in general expands way faster, then we’ll get there in no time as until we hit the cap the circulating supply will keep on being low. Right now, Bitcoin’s supply is of little over 17 million. The supply increases extremely slowly and will keep on rising at its current pace until the halvening, where BTC’s inflation is set to drop to half of where it is now – that’s why it’ll take so long to get to 21 million, since 17 million took only 10 years.

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Responses

  1. Infosion

    It’s sometimes not easy to think that way when things develope so slow and the markets are so volatile. But I think he’s totally right. You could simplify it even more by saying that the people who just have the possibilty to buy at all right now have an huge advantgae over those who can’t.
    Thanks for sharing and reminding about that!

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