The Elusive Wholecoiner: Why Owning One Bitcoin Is Becoming a Rare Feat
Imagine being part of an exclusive club that’s more elite than being a millionaire. Sounds far-fetched? Welcome to the world of wholecoiners – individuals who own at least one full bitcoin. As the cryptocurrency’s value continues to soar, joining this club is becoming increasingly difficult, making it a rare achievement that’s about to get even more exclusive.
The Unattainable Dream: Bitcoin’s Rising Value
Fast forward to today, and the picture is vastly different. With bitcoin hovering around $100,000, owning even half a bitcoin seems like a distant dream for most people. To put this into perspective, the average savings for someone under 35 in the U.S. is just $20,540 – not even 25% of what it costs to buy 1 BTC today. For millennials and zoomers, owning a whole bitcoin is a luxury they can only dream of.
The Exclusive Club: A Rare Breed of Investors
Here’s a mind-boggling fact: there are only about 1 million bitcoin addresses that hold more than 1 BTC. Assuming each address belongs to a different person (which isn’t the case), that’s just 0.0125% of the global population. Being a wholecoiner already puts you in one of the most exclusive clubs in the world.
The Scarcity Factor: Why Bitcoin Trumps Fiat
Now, let’s compare this to fiat millionaires. There are about 58 million millionaires worldwide, but there are only 21 million bitcoin in total. Even if every single millionaire on the planet wanted to own one bitcoin, they couldn’t – there just aren’t enough to go around. This scarcity is what makes being a wholecoiner more valuable than being a fiat millionaire. While fiat is infinite, bitcoin is hard-capped, making it a rare and precious commodity.
A Wake-Up Call for Millionaires
If you’re a millionaire and don’t own at least 1 bitcoin yet, it’s time to wake up. The race is on, and most millionaires are going to miss out. As Tuur Demeester aptly put it, “These are the last months that 1 BTC is accessible to the upper middle class.” The window is closing fast.
The Future of Bitcoin: A Rare and Special Asset
If you’re already a wholecoiner, congratulations – you’re part of the 0.0125% who will ever own this much bitcoin. It might not feel like a big deal now, but in 20 or 30 years, you’ll look back and realize how rare and special it is. For those still in the race, don’t stop. And if you’re on the sidelines, it’s time to get moving – because bitcoin’s scarcity is going to leave a lot of people behind.
The Clock Is Ticking: Will You Join the Ranks of Wholecoiners?
As the value of bitcoin continues to rise, the opportunity to join this exclusive club is dwindling. Will you be one of the lucky few who manages to own a whole bitcoin? The clock is ticking – it’s time to make your move.
Source: Bitcoinmagazine.com
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