Although it only costs $ 500 to buy 0.01 Bitcoin (BTC) today, current trends in the global wealth distribution and the inevitable occurrence of Bitcoin’s limited supply could result in 0.01 BTC worth $ 1 million in the future.
According to Credit Suisse’s 2020 Global Wealth Report, there are 51.9 million people in the world with a net worth of over $ 1 million. The index takes into account all financial and real estate values when calculating a person’s net worth and subtracts their debts.
Although they represent 1 percent of the world’s population (excluding children), millionaires hold 43 percent of global wealth.
According to Credit Suisse’s research, the number of people whose net worth exceeds $ 50 million is 175,700, the number of people exceeding $ 100 million is 55,800, and the number of people exceeding $ 500 million is 4,410.
98 percent of bitcoin supply will go into circulation in 10 years
Bitcoin’s total supply was measured at 18.64 million as of March 1, which means 2.37 million BTC left to be mined. This supply will reach 20.6 million in 10 years and 98 percent of the total supply of 21 million will be put into circulation.
When the 1.9 million BTC has not been touched for the last 10 years, 19.2 million Bitcoins are left for millionaires to use. This means that in a scenario where all millionaires share the BTC supply equally, 0.37 BTC will fall per millionaire, including cryptocurrencies that have not yet been mined.
On the other hand, if Bitcoins that have not been moved in the last 5 years are also considered to be lost, the supply of tradable Bitcoin drops to 14.57 BTC. In this scenario, there is only 0.28 BTC per millionaire.
The rich will fight for 0.01 BTC in the future
In addition to the millionaires, there are 590 million people with a net worth exceeding $ 100,000. Although their purchasing power is low compared to millionaires, it should not be ignored that these people are also potential savings.
Assuming the above global wealth distribution will remain the same, millionaires represent 6.32 million of Bitcoin’s remaining supply. So each can only buy 0.12 BTC.
For 590 million people with a net worth exceeding $ 100,000, 5.9 million remain, that is, each can buy 0.01 BTC.
An investment of 0.01 BTC ($ 500) today could lead you to be in the richest 13 percent of the future.
The opinions and views expressed herein are those of the author alone and do not reflect the views of Cointelegraph. Every investment involves risk. Do your own research before making a decision.