Monday 4 September 2023

The Scarcity Argument


It took me some time to fully comprehend exactly how scarce Bitcoin truly is, once you “get it” its really hard to go back to fiat savings.To put the scarcity in perspective theres about 56million millionaires in the world, more than twice the amount of Bitcoins that will ever exist. 21 million, thats it.There is literally not enough bitcoin to go around for everyone, assuming equal share every millionaire would only be able to accumulate ~0.38 btc. And this doesnt account for the amount of btcs already lost/in forgotten wallets which is estimated 3-4 million. On top of that, you also have the millions of permanent HODLers who will likely never sell their bitcoin ever.This is why everyone should strive for 1 btc if possible, just a single bitcoin will make you fabulously wealthy but that window is closing in fast.This may be the last time the average working person/family still have a chance at stacking one whole coin, we may never get this opportunity ever again post-halving and spot etf approval. via /r/Bitcoin https://bit.ly/44STVKp

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