If you own at least, 0.28 Bitcoin then you have the possibility to succeed in its future. Despite this being, quite a small amount compared to some, owning this small amount of Bitcoin means that you will be one of the 1% of future Bitcoin. Steve Lee, the former Product Director at the search engine giant, Google took to Twitter to make this known and that the fixed supply of Bitcoin (20,999,999,9769) means that only 1% of the population of the world could actually own Bitcoin if all the coins were distributed. He went on to explain:
“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.”Lee shared this in response to another former employee at Google who worked as Software Engineer called Vijay Boyapati.
“If you get 0.1 BTC no more than 2% of the world’s population can own more BTC than you. Once this dawns on enough people there will be a stampede to try to get even 0.1.”Boyapati also commented on the matter through his Twitter saying:
“One of the most powerful psychological incentives for Bitcoin adoption is that you know that if you buy some and HODL, no matter how much anyone else buys or is willing to pay for BTC later, your % ownership of the total supply will never decrease.”The total of Bitcoin that in the fixed supply will start to take a slight dip due to the mining reward halving which was stated by Twitter user @WhalePanda who has over 200k dedicated followers on the social platform and said:
“There will only ever be 20999817.31308491 Bitcoin… not 21 million”Currently, there is over 17 million Bitcoin in circulation according to the CoinMarketCap data which also shows one Bitcoin to be worth around $6,500. Despite the Bitcoin supply being limited, it solidifies the point of interest for an investment opportunity. In December last year, Bitcoin hit the $20,000 mark which means the hopes of traders are slowly but surely getting higher as we enter the winter months. What are your thoughts? Let us know what you think down below in the comments! References: CoinGape