IF The 1,810 World Billionaires, Put Just 10% Of Their Wealth In Bitcoin, Bitcoin Price $40,625 Dollars

m4ever (56)in #bitcoin • 7 years ago

I played with some money figures supplied by Forbes earlier in the year; and if you divide it all out = 6.5 Trillion in Wealth Divided By One Tenth Of That Value - Divided By 16 Million Bitcoins = 40,625 dollars (figures are rounded). Yes... each billionaire would need approximately 8,840 coins at that value to protect 1/10th of their wealth.

And that doesn't include the 14 million to 35 million - millionaires in the world - cited by the CNBC link.

When you think of the above figures - and think how the wealthy have always wanted some level of safety for their money - such as having a Gold hedge - it's easy to see why the MSM needs to keep information capped about Bitcoin to the masses. For, when and if, the Bitcoin stampede begins with the wealthy - be it a fiat crisis or world chaos or Bitcoin seen as safer than Gold - the rise in price is going to be meteoric - don't sell all you have at any low price when the tsunami comes and the rich are trying to keep their head above the water line.