Let me be honest—becoming a wholecoiner is one of the smartest moves you can make, but it’s also becoming ridiculously hard. When I started using bitcoin in 2016, I was astonished at how easy it became. Owning a full bitcoin seemed possible at the time, when prices were around $400 to $500.
Now? What’s the story?
Bitcoin is a sitting currency near $100,000Most people are unable to own even half of a bitcoin. Consider this: an average person under the age of 35 has saved about $2,500. in the U.S. It costs only $20,540. This is not even half of the price to purchase 1 BTC. Most of these millennials and zoomers can only dream of ever owning a whole bitcoin—it’s just not realistic for the average person anymore.
Here’s what really amazes me: There are only about 1 million bitcoin addresses That hold more than one BTC. It’s still only 0.0125% even if each address belongs to someone different (which it doesn’t). Think about it—being a wholecoiner already puts you in one of the most exclusive clubs in the world.
Compare that with fiat millionaires. There are about 58 million millionaires worldwide. The shocking part is that there are just 21 million total bitcoins. The world’s millionaires couldn’t own a bitcoin. Just not enough Bitcoin to go around. It’s for this reason that being a “wholecoiner” is more valuable than becoming a fiat billionaire. Fiat is infinite—anyone can become a millionaire in a system where money is endlessly printed. What about bitcoin? It’s hard-capped. Scarce.
You need to wake up, if you’re already a multi-millionaire and don’t have at least one bitcoin. Millionaires will miss the race. What if you are already a millionaire? Congratulations. You belong to the 0.0125% of people that will own bitcoins worth this much.
In 20-30 years you will realize that it was a rare opportunity. As Tuur Demeester said: “These are the last months that 1 BTC is accessible to the upper middle class.” The quote I quoted is true. It’s closing.
Don’t slow down if you are in the race. And if you’re on the sidelines, it’s time to get moving—because bitcoin’s scarcity This is going to affect a large number of people.
The article below is an overview of the topic. Take. The views expressed here are those of the individual author and may not reflect BTC Inc.
“This article is not financial advice.”
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Source: bitcoinmagazine.com
