Credit Suisse Research Institute puts the number of millionaires worldwide at 56 million total, of which 40% are in the United States. (Source: https://www.economist.com/graphic-detail/2019/10/22/millions-of-millionaires)
There are many, many things that all millionaires can have and buy. A full bitcoin is not one of them. This number is likely even lower due to several additional factors:
- Institutions and individuals buying it, holding, and not selling anytime soon
- Satoshi's stash plus lost coins
- Coins in the hands of non-millionaires
among others. This 0.375 BTC number however gets lower and lower over time because:
- More fiat is issued, creating more fiat millionaires
- BTC is lost
- BTC is bought and held by everyone else
If you have this amount, there are only two possibilities for you in the next 10 or so years: I. BTC fails. II. BTC wins (I actually believe like many that it has already won), and you will be a fiat millionaire (in today's purchasing power, let alone future years purchasing power). In this case, you should celebrate not because you have one million dollars, which might as well be less useful than toilet paper in ten years, but because you can buy and have whatever it buys today.
An important point mentioned in this research is that " The total net worth of all millionaires stood at US$158.26 trillion. " That's the lower bound for BTC's total addressable market (TAM). No other shitcoin has that, because they are trying to be something else than money: bitcoin is the soundest money, and there is no close competitor (like Michael Saylor would say "this story about 60% dominance is bs. It's like 95 or 96 percent dominance"). Hence it's pointless to compare whatever market cap they have with bitcoin. The important conclusion from that is that bitcoin has the highest risk-adjusted upside potential: we are talking about a 150x from here at least. Whatever shitcoin you can think of that has surpassed, let's say, 20 billion market cap, is competing with some 10 others on a single digits trillion dollar addressable market (other than money) at best. Money printing helps us more than it helps them (i.e. our TAM increases at least as much as theirs). So there is really no point in holding any other coin other than bitcoin if you believe that either bitcoin alone or "crypto" is the future: either bitcoin alone succeeds, and it offers you the best return, or bitcoin and others succeed, and bitcoin offers you the best return. The only reason to hold other coins is if you wanna gamble. In that case, your fate is a nice -99.99% either in fiat terms or in bitcoin terms sooner or later.
Now an also important fact on billionaires:
This has been said repeatedly and I believe it is worth repeating once again: we are seeing the biggest wealth transfer in the history of the world. If you read the mainstream media you might have read multiple times that "billionaires have never been richer", "billionaires wealth are growing faster during the pandemic", etc. These are half-truths (or lies). Their wealth is shrinking and it is shrinking fast in BTC terms. I'd be surprised if there was one single billionaire whose wealth decreased by less than 95% in the last five years.
For those willing to do the math, here's the historical billionaires list:
https://stats.areppim.com/stats/links_billionairexlists.htm
I invite those knowledgeable in how to put this through to come up with something similar to https://www.pricedinbitcoin21.com/landing but for the world's richest people over time. Will be nice to see how the money game looks when you are counting points with the soundest money on earth instead of monopoly money.
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