There are roughly 47 in the world, yet there is only going to ever be 21 million Bitcoin

in #bitcoin3 years ago

If bitcoin ever gets adopted on a large scale it has no choice but to go much higher. The simple reason is math...

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image.png (Source: https://www.keepcalmandposters.com/poster/5984905_keep_calm_its_just_math)
There are roughly 47 million millionaires in the world, (probably a lot more that aren't known as well) yet there is only going to ever be 21 million bitcoin. That means is every millionaire wanted a piece, they could only get less than half of one. Then when you factor in MSTR and several others owning tens or hundreds of thousands of coins, you can easily see there is a major supply problem if a bunch of people want in. Everything is setup current, we just have to keep on moving forward. The next major steps are going to be for several more countries to adopt as legal tender. When that happens it will force other countries to change their classification of bitcoin, potentially the US's as well. At that point it becomes a foreign currency, free of capital gains taxes in a lot of places, then what do you think happens to the price?!

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