You are viewing a single comment's thread from:

RE: How many people own Bitcoin, and how large are their wallets?

in #bitcoin7 years ago

Impressive. There's a lot room to grow. Also, a lot of people own multiple addresses: one for cold storage, the other is on exchanges, one more on smartphone and so on. So that number might be even smaller

Sort:  

Oh yeah, definitely. I think where many fail is with the price of ONE Bitcoin. They don't seem to grasp the concept of 21 million Bitcoin and how LITTLE that is. People in general aren't great at visualizing sizes.

So if there is only 21 million of something..which is nothing, and people want it, the prices will be very high. And since it is divideable by unlimited?? number of decimals. anyone can buy a fragment of it for any price.

So what ONE whole Bitcoin is worth is pretty much irrelevant..unfortunately there's where the whole focus is in the media.

Bitcoin can reach a million and still be cheap.

Coin Marketplace

STEEM 0.16
TRX 0.15
JST 0.028
BTC 58058.49
ETH 2284.09
USDT 1.00
SBD 2.51