March 7, 2021 | AtoZ Markets – Buying 0.01 Bitcoin (BTC) today may cost as little as $500, but according to the current global wealth distribution and limited supply of the digital asset, 0.01 BTC may be enough to make you a millionaire in the future!
According to Credit Suisse's Global Wealth Report 2020, there are currently 51.9 million people with a net worth in excess of $1 million. The index considers an individual's net worth, along with financial and real estate assets, by deducting debts and liabilities.
The report indicates that the US leads by a relatively large margin of 20.2 million, 39% of the global total. China ranks second with 11% of the total, while Japan, the UK, France, and Germany account for 5% each.
The interesting thing is that, even though they represent only 1% of the global population (excluding children), these millionaires own 43% of the world's wealth.
The total wealth of these affluent individuals corresponds to $400 trillion, of which 53% is represented by financial assets instead of real estate investments. This ratio varies between countries, with 64% in the US, 44% in China and Germany, and 22% in India.
According to the analysis by Credi Suisse, 175,700 people are worth more than 50 million dollars. Of these, 55,800 are worth at least 100 million, while 4,410 are worth more than $500 million.
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In 10 years the limited supply of Bitcoin will reach 98%
Bitcoin supply and equivalent inflation. Source: Medium.com/@CryptoProfG
As of March 1, the total supply of Bitcoin is comprised of 18.64 million BTC, leaving only 2.37 million still to be mined. In ten years, the supply will reach 20.6 million, 98% of the 21 million coins of the total supply.
Excluding 1.9 million coins that have not been touched for over a decade, there is an upper limit of 19.2 million BTC available to the 51.9 million millionaires in the world.
This results in 0.37 BTC per millionaire, including coins not yet mined. A more conservative hypothesis based on the offer currently available excluding coins that have been standing for five or more years results in 14.57 million BTC. Availability drops to 0.28 BTC per millionaire, a conservative estimate as the number of rich people is likely to increase over the next 5-10 years.
The remaining rich will fight for 0.01 BTC
In addition to millionaires, there are 590 million individuals with a net worth of more than $100,000. These people are not to be overlooked as potential HODLers, even if their purchasing power is less.
Assuming that the 43.4% proportion of global wealth shown in the graph remains the same, global millionaires represent 6.32 million coins of the conservative estimate of the remaining supply, 14.57 million. This ratio means that each individual has 0.12 BTC available.
The remaining 590 million individuals with assets equal to or greater than $100,000 could represent an additional 5.9 million coins, resulting in an availability of only 0.01 BTC per adult.
To conclude, buying 0.01 BTC today, an investment of around $500 at the current price, can secure a spot in the Top 13% of the largest HODLers. This is equivalent to being a millionaire today, at least in terms of the percentage ownership of the total Bitcoin supply.
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