Owning 0.28 BTC Makes you the 1 Percenter of the Future Bitcoin World

By Anjali Tyagi
Published October 5, 2018 Updated October 5, 2018
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Owning 0.28 BTC Makes you the 1 Percenter of the Future Bitcoin World

By Anjali Tyagi
Published October 5, 2018 Updated October 5, 2018

The fixed supply of Bitcoin which is 20,999,999.9769 BTC makes one the 1 percenter of the future bitcoin world if one owns and hodl at least 0.28 BTC.

Bitcoin’s fixed supply talks volume

Former Product Director at Google, Steve Lee took to Twitter to highlight the fact that the fixed supply of Bitcoin means only about 1 percent population of the world can ever have Bitcoin.

He has stated,

“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 has shared this in response to Vijay Boyapati’s previous post,

“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 has also shared on Twitter:

“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.”

Recently, Jameson Lopp also shared the same facet stating in his Tweet,

 

Also, read: Cryptocurrency will rise if there is a recession says Fundstrat survey

But the fixed supply is not 21 million

The total supply of Bitcoin that has been 21 million will also take a slight drop due to mining reward halving as stated by WhalePanda:

 

The total number of Bitcoin in existence would be actually “20,999,999.9769 BTC, or 2,310,000 satoshis short of 21 million.” It is for a number of reasons such as lost or stolen Bitcoins, reward schedule, and burned and unrecovered coins.

Right now, 17,305,825 BTC are in circulation supply as per the Coinmarketcap data where 1 Bitcoin equals about $6,500.

The limited supply of Bitcoin makes it all the more point of interest for investment. With Bitcoin hitting approximately $20,000 in December 2017, the hopes, anticipation, and excitement to own Bitcoins are only rising.

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Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Anjali Tyagi
440 Articles
Having a background in writing, I worked on a wide array of industry topics and have recently entered the world of Blockchain and Cryptocurrency.

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