Owning 1 Bitcoin Is Better Than Being The aforementioned Millionaire

Owning 1 Bitcoin Is Better Than Being a Millionaire

Let me be honest—becoming a wholecoiner is one of the smartest moves you can make, but it’s also becoming ridiculously hard. When I started using bitcoin in 2016, I was astonished at how difficult it is to maintain. The The price of bitcoin was $400 to $500 and it felt like a very achievable goal.

Now? It’s a completely different story.

Bitcoin Most people feel that owning a half-bitcoin, which is worth around $100,000, would be out of their reach. Let’s put this into perspective: the average savings for someone under 35 in the U.S. is just $20,540. That’s not even 25% of what it costs to buy 1 BTC today. Most of these millennials and zoomers can only dream of ever owning a whole bitcoin—it’s just not realistic for the average person anymore.

And here’s the part that really blows my mind: there are only about 1 million bitcoin addresses that hold more than 1 BTC. Even if we assume every single one of those addresses belongs to a different person (which isn’t true), that’s just 0.0125% of the global population. Think about it—being a wholecoiner already puts you in one of the most exclusive clubs in the world.

Now, let’s compare that to fiat millionaires. There There are approximately 58 million millionaires in the world. And here’s the kicker: there are only 21 million bitcoin in total. Even if every single millionaire on the planet wanted to own one bitcoin, they couldn’t. There’s just not enough bitcoin to go around. That’s why being a wholecoiner is better than being a fiat millionaire. Fiat is infinite—anyone can become a millionaire in a system where money is endlessly printed. But bitcoin? It’s hard-capped. Scarce.

If you’re a millionaire and you don’t own at least 1 bitcoin yet, wake up. The The race for millionaires is now on. And if you’re already a wholecoiner? Congratulations. You’re part of the 0.0125% who will ever own this much bitcoin.

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It might not feel like a big deal now, but in 20 or 30 years, you’ll look back and realize how rare and special it is. As Tuur Demeester said: “These are the last months that 1 BTC is accessible to the upper middle class.” That quote stuck with me because it’s true. The The window has closed.

If you’re in the race, don’t stop. And if you’re on the sidelines, it’s time to get moving—because bitcoin’s scarcity is going to leave a lot of people behind.

This The article is also known as Take. Opinions expressed are entirely the authYou can also find out more about's and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

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John Lesley/ author of the article

John Lesley is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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