Every millionaire can only own 19 STEEM
We have about 1 million new millionaires per year. According to my research we can safely say that the world has about 20 million USD millionaires, while Credit Suisse says that there are roughly 35 million. Nearly 2/3 of all new millionaires are created on the stock market.
In my calculations below, I have adjusted the quantity of millionaires by 1 million every year. Therefore we are looking at around 49 million millionaires in the year 2045, but infact it may be far more.
If every millionaire were to own the equal amount of STEEM, and no other people had any STEEM, then each of them would finally only own a maximum of 19 STEEM in the year 2032. This is easily calculated as follows:
I currently have 360 STEEM on my @lucky.digger account. I started with 0 STEEM, and the account is increasing at a current internal interest rate of between 0,2 - 0,4% per day, on average. If I take my 360 STEEM and divide it by 19 STEEM per millionaire, then the result is 18,9. This gives me the status of owning the 18,9-fold of the average quantity of STEEM if only millionaires were to own STEEM, and if every one of them had the equal amount.
MY STEEM IS WORTH 40 NEW LAMBOS
When will millionaires want STEEM? When they identify a reliable ROI p.a. of only 13% they will flock in, hungry and ruthless. How much ROI p.a. has your STEEM got now? Atleast 50% if you are an active user! Even if you are a non-professional blogger like I am without any whale protection, if the STEEM community sticks to the whitepapers and doesn't do what it wants, then you are on the way to setting up an excellent part of a multiple income stream retirement scheme.
The same calculation in silver delivers around 500kg silver per millionaire. However silver has unique unmultipliable properties. Putting it into proportionate equivalence: 19 STEEM = 500kg SILVER. Let's say that is a bit overblown, we therefore then divide the value of 1 STEEM by a factor of 1000. Still makes 1 STEEM worth 0,5kg/19 = 26g SILVER. It shouldn't surprise us if the price of STEEM quickly jumps to 12 to 14 USD. It's economic utility at that rate is still only 1/1000th of SILVER.
Thank you for sharing the info with us...followed you..
Thanks for commenting and following.
Thanks for sharing. Hopefully getting in these still early stages pays off
Thanks for commenting. I thinks it's important we don't do anything foolish or get nervous. Make sure you have atleast 19 STEEM.
interesting calculation...and it will be interesting to see where its gonna go with steemit and the entire crypto world....exciting times ahead of us
The same calculation in silver delivers around 500kg silver per millionaire. However silver has unique unmultipliable properties. Putting it into proportionate equivalence: 19 STEEM = 500kg SILVER. Let's say that is crazy, well then divide the value of 1 STEEM by a factor of 1000. Still makes 1 STEEM worth 0,5kg/19 = 26g SILVER. It shouldn't surprise us if the price of STEEM quickly jumps to 12 to 14 USD. It's economic utility at that rate is still only 1/1000th of SILVER.
thats another interesting calculation..i dont have that much silver as i have steem....not price like...
im waiting....be happy happy once steem goes over the 1.-- and gets a 2.-- and stays there....seen and read many prediction here...a lot much higher....still 3.5 months to go....
Interesting calculations.
The "rich are getting richer, and poor are getting poorer".
Or if you want "this is a money shift once again" and we are living in a historic times right now!
All that money printed by FED and all this massive QE in 2008, released huge amounts of USD... and of your article we clearly can see where is the final destination of that "help package" end up.... in what pockets!
Following you! Good luck dude!
Thanks for commenting and following.
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Thank you, highly appreciated.
Interesting. I hadn't thought of this before.
Thanks for commenting Choo. Did it make any sense to you? Oh, don't take it too serious, although the math is quite correct. But you see, math and social economic behaviour differ quite considerably. People do very dumb things, most of them are economically seen, losers - all self inflicted punishment, in one way or another.
i fosseck for precious gems as well as stacking silver and i have a little gold too --the best thing is digging up gemstones out of the ground
Thanks for visiting daydreams. My voting power is currently down so please forgive the ungenerous upvote to your comment, it's 100%. Please tell me about your gemstone digging, what you dig and where. I am very interested. Have resteemed your painting.
glenn innes for sapphires