Let me be honest: becoming a well-rounded participant is one of the smartest moves you can make, but it's also becoming ridiculously difficult. I remember when I first got into bitcoin in 2016. The price was around $400-$500, and owning an entire bitcoin seemed totally doable.
Now? It's a completely different story.
bitcoin is sitting <a target="_blank" href="https://www.bitcoinmagazinepro.com/bitcoin-price-live/”>about $100,000and owning even half a bitcoin seems out of reach for most people. Let's put this in perspective: the average savings of a person under 35 years old in the united states It's only $20,540. That's not even 25% of what it costs to buy 1 btc today. Most of these millennials and zoomers can only dream of one day owning an entire bitcoin; It's just not realistic anymore for the average person.
And here's the part that really blows my mind: there is <a target="_blank" href="https://www.bitcoinmagazinepro.com/charts/addresses-greater-than-1-btc/”>only about 1 million bitcoin addresses containing more than 1 btc. Even if we assume that each of those addresses belongs to a different person (which is not true), that's only 0.0125% of the world's population. Think about it: being an all-round player already puts you in one of the most exclusive clubs in the world.
Now, let's compare that to fiduciary millionaires. There is about 58 million millionaires world. And here's the kicker: there are only 21 million bitcoins in total. Even if every millionaire on the planet wanted to own a bitcoin, they couldn't. There are simply not enough bitcoins to go around. That's why being a comprehensive supporter is better than being a fiduciary millionaire. Fiat is infinite: anyone can become a millionaire in a system where money is endlessly printed. But bitcoins? It has strict limits. Scarce.
If you are a millionaire and you still don't own at least 1 bitcoin, wake up. The race is on and most millionaires are going to miss it. What if you are already a Wholecoiner? Congratulations. You are part of the 0.0125% who will ever own this amount of bitcoins.
It may not seem like a big deal now, but in 20 or 30 years you will look back and realize how rare and special it is. Like Tuur Demeester <a target="_blank" href="https://x.com/TuurDemeester/status/1874712386424463612″>saying: “These are the last months in which the upper middle class can access 1 btc.” That quote stuck with me because it's true. The window is closing.
If you're on the run, don't stop. And if you're on the sidelines, it's time to get going, because the bitcoin shortage will leave a lot of people behind.
This article is a Carry. The opinions expressed are entirely those of the author and do not necessarily reflect those of btc Inc or bitcoin Magazine.
