Bitcoin $96,632.0 Owning one might be one of the smartest moves ever made, but it’s getting extremely difficult now. When I first invested in Bitcoin in 2016, the price was around $400-$500 and owning one full Bitcoin seemed entirely possible. But now the situation is completely different.
Bitcoin Price Increase and Investment Difficulty
Bitcoin is currently hovering around $100,000, making owning even half a Bitcoin unattainable for most people. The average savings of individuals under 35 in the USA is only $20,540, which corresponds to approximately 25% of 1 BTC purchase today. This makes it difficult, especially for the millennial and zoomer generations, to realize their dreams of owning a Bitcoin.
Limited Distribution of Bitcoin Addresses
Approximately 1 million Bitcoin addresses hold more than 1 BTC of Bitcoin. Even if we assume that each of these addresses belongs to different individuals, this still accounts for only 0.0125% of the global population. Owning a Bitcoin already means joining one of the most exclusive clubs in the world.
Bitcoin Ownership Comparison with Fiat Millionaires
There are approximately 58 million fiat millionaires worldwide. However, there are only 21 million Bitcoins in total. Even if all millionaires wanted to own Bitcoin, there would not be enough Bitcoin. While this highlights the limited supply of Bitcoin, it shows that owning Bitcoin is more valuable compared to the unlimited production of fiat money.
“These are the last months that 1 BTC is accessible to the upper middle class.” –Tur Demeester
If you are a millionaire and do not yet have at least 1 Bitcoin, you need to take action. In the running race, most millionaires will fall behind. Those who already own one Bitcoin are included in the 0.0125% group that will own this much Bitcoin.
It may not seem important now, but when you look back in 20-30 years you will realize how special and rare this situation is. It is clear that Bitcoin’s scarcity will leave many people behind.
In conclusion, for those looking to invest in Bitcoin, the current state of the market increases the potential to take advantage sooner or later. Bitcoin’s limited supply indicates that it can maintain its value in the long term.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
