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COINTURK NEWS > Bitcoin (BTC) > Why Owning Bitcoin Is Becoming a Distant Dream for Many
Bitcoin (BTC)

Why Owning Bitcoin Is Becoming a Distant Dream for Many

In Brief

  • Owning Bitcoin is increasingly difficult for many individuals today.

  • Only a small fraction of the population holds a Bitcoin.

  • The limited supply of Bitcoin suggests it may maintain long-term value.

İlayda Peker
İlayda Peker 5 months ago
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Owning Bitcoin $104,276 may be one of the smartest moves, but it’s increasingly difficult. When I first invested in Bitcoin in 2016, the price was around 400-500 dollars, making it entirely possible to own a full Bitcoin. However, the situation now is completely different.

Contents
The Surge in Bitcoin Prices and Investment ChallengesThe Limited Distribution of Bitcoin AddressesComparing Fiat Millionaires with Bitcoin Ownership

The Surge in Bitcoin Prices and Investment Challenges

Currently, Bitcoin hovers around 100,000 dollars, making even half a Bitcoin out of reach for most people. In the U.S., individuals under 35 have an average savings of just 20,540 dollars, which represents approximately 25% of the cost to buy one BTC today. This scenario particularly complicates the dreams of millennials and zoomers wanting to own a Bitcoin.

The Limited Distribution of Bitcoin Addresses

Approximately 1 million Bitcoin addresses hold more than 1 BTC. Even assuming each address belongs to different individuals, they represent only 0.0125% of the global population. Therefore, owning a Bitcoin signifies joining one of the most exclusive clubs in the world.

Comparing Fiat Millionaires with Bitcoin Ownership

There are around 58 million fiat millionaires globally, yet only 21 million Bitcoins are available. Even if all millionaires wanted to own Bitcoin, there simply isn’t enough for everyone. This highlights Bitcoin’s limited supply and suggests that owning it is more valuable compared to the unlimited production of fiat currency.

If you’re a millionaire and still lack at least 1 Bitcoin, now is the time to act. Many millionaires will get left behind in this race. Those already owning Bitcoin belong to that exclusive 0.0125% group.

While it may not seem significant now, in 20-30 years, you’ll realize how special and rare this situation was. The scarcity of Bitcoin is likely to leave many people behind.

In conclusion, the current state of the market for those wanting to invest in Bitcoin potentially increases the advantage over time. The limited supply of Bitcoin indicates it may retain its value in the long run.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 3 January, 2025 - 11:14 am 3 January, 2025 - 11:14 am
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İlayda Peker
By İlayda Peker
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