Let me be sincere—changing into a wholecoiner is among the smartest strikes you may make, but it surely’s additionally changing into ridiculously arduous. I bear in mind after I first acquired into bitcoin again in 2016. The worth was round $400-$500, and proudly owning one full bitcoin felt completely doable.
Now? It’s a very totally different story.
Bitcoin is sitting near $100,000, and proudly owning even half a bitcoin feels out of attain for most individuals. Let’s put this into perspective: the common financial savings for somebody underneath 35 in the U.S. is simply $20,540. That’s not even 25% of what it prices to purchase 1 BTC immediately. Most of those millennials and zoomers can solely dream of ever proudly owning an entire bitcoin—it’s simply not life like for the common individual anymore.
And right here’s the half that actually blows my thoughts: there are only about 1 million bitcoin addresses that maintain greater than 1 BTC. Even when we assume each single a type of addresses belongs to a distinct individual (which isn’t true), that’s simply 0.0125% of the worldwide inhabitants. Give it some thought—being a wholecoiner already places you in some of the unique golf equipment on this planet.
Now, let’s evaluate that to fiat millionaires. There are about 58 million millionaires worldwide. And right here’s the kicker: there are solely 21 million bitcoin in complete. Even when each single millionaire on the planet needed to personal one bitcoin, they couldn’t. There’s simply not sufficient bitcoin to go round. That’s why being a wholecoiner is best than being a fiat millionaire. Fiat is infinite—anybody can turn into a millionaire in a system the place cash is endlessly printed. However bitcoin? It’s hard-capped. Scarce.
If you happen to’re a millionaire and also you don’t personal at the least 1 bitcoin but, get up. The race is on, and most millionaires are going to overlook out. And for those who’re already a wholecoiner? Congratulations. You’re a part of the 0.0125% who will ever personal this a lot bitcoin.
It won’t really feel like an enormous deal now, however in 20 or 30 years, you’ll look again and notice how uncommon and particular it’s. As Tuur Demeester said: “These are the final months that 1 BTC is accessible to the higher center class.” That quote caught with me as a result of it’s true. The window is closing.
If you happen to’re within the race, don’t cease. And for those who’re on the sidelines, it’s time to get shifting—as a result of bitcoin’s scarcity goes to go away lots of people behind.
This text is a Take. Opinions expressed are solely the writer’s and don’t essentially replicate these of BTC Inc or Bitcoin Journal.
