Bitcoin is extremely tightly held. Hodlers rarely sell. As the price rises even less bitcoin is sold and this is what contributes to sharp rises in price and shocking bull markets.
Compared to the total existing supply the amount of bitcoin on exchanges is miniscule and there are only around 2 million bitcoin left to be mined.
Estimates are that only a couple of hundred million people own bitcoin, only a couple of corporations hold bitcoin on their balance sheet (MSTR & TSLA) and only one sovereign nation holds bitcoin (El Salvador).
This means 7.5 billion people, 200 million companies globally and 192 sovereign nations will have to share between the last 2 million bitcoin left to be mined.
Of this 2 million bitcoin if sovereign nations took 20%, companies took 30% and individuals took 50% this would equate to sovereign nations getting 2,000 btc each, companies getting 0.003 btc each, and individuals getting 0.0001 btc each.
This is seriously something to contemplate. Not only does it point to how ridiculously undervalued bitcoin is it also shines a light on how early we all still are. One day soon it will become a goal of sovereign nations to hold 2,000 bitcoin and when that is the case you better believe 2,000 bitcoin will be worth billions.
Most likely fiat will have already collapsed but having thousands of btc will be considered nation state level wealth, having more than one btc will be considered multinational corporation level wealth, and having more than 0.001 btc will be considered large company level wealth.
This will not be a slow process either, it is highly likely that these prices are reached before the world realises what is going on. 1 million per btc could happen within a one year period just because a few sovereign nations and a handful of multinational corporations start stacking.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 Maiar - DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.