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RE: Steemit and Bitcoin don't care if you like them or not, Steemit and Bitcoin and decentralized so it doesn't matter what government or people say or do, people and governments come and go but Math and Technology stick around and so will cryptocurrency!
If every millionaire bought just 1 Bitcoin there would be none left..
You are absolutely right. American millionaires alone would scoop up more than 60% of bitcoin if each millionaire buys only 1 bitcoin.
So get some now before they will become too expensive to allow most to be able to afford a single bitcoin!
And also if more millionaires held their longeterm wealth in bitcoin aka more Hodlers, more people holding and nevr selling then the price goes up!
As bitcoin goes up in price and we have trillion dollar market caps then the millions of dollars held by the millions of millionaires, aka the trillions of dollars, would yes also be capable of buying all the bitcoin so bitcoin will be in the quadrillions and it should very well be in the trillions to be used as a global asset class....there are quadrillions in digital dollars derivatives etc and those have to be converted to crypto to hold onto them, man it is going to be an adventure and we will find out just how much money there really is in the world.....people really need to save up enough money to buy just 1 bitcoin and hold onto that 1 bitcoin and never sell it!