Can You Live On $3,684,210.00 U.S. Dollars? I can and so can you. What if I showed you how this is possible, would you listen? I did the math and this is a true figure. Here is the break down of how you can live on an income of $3.6 Million Dollars.
Bitcoin passed the 17 million mined coin mark on April 26th, 2018. Approximately 2 million Bitcoin have been lost. In fact, I am part of that statistic since I even lost 6 Bitcoin 2 years ago due to my own mistake. This leaves 15 million Bitcoin out there. If no more BTC are lost, than by year 2140 the last Bitcoin (BTC) will be mined. We will have around 19 million Bitcoin to go around the world.
Currently we have around 7.6 billion people on the planet. Using these numbers, that means that there would only be 1 Bitcoin available for every 368.4 people. Yes, each Bitcoin would have to be shared by 368 people. What if you owned 1 Bitcoin by yourself and had it in safe storage? This would mean that 367 people would be out of luck. Another way of looking at this, is that 367 people would be at your mercy to have access to your 1 BTC or a portion of it.
The global mean average annual income is just under $10,000.00 U.S. Dollars. Let us call it $9800.00 annually. If you own 1 BTC than that would be equal to 368.4 people working a full year at $9800.00 annually. Multiply them together and you get $3,684,210.00 U.S. Dollars. This is how much 1 BTC will be worth when the entire globe switches to using digital currency. Bitcoin is the #1 crypto currency for a reason. It is the first and only true original legacy crypto currency with the oldest, longest uninterrupted blockchain having the greatest hashing power that is decentralized. Litecoin is a distant second crypto currency being Bitcoin's baby brother.
Are you starting to get the picture? This is how powerful owning just 1 BTC will be in the near future. You can see that owning just 1 BTC will enable you to live your entire life debt free and possible your family as well. The powers to be know this fact as well. This is why they are trying so hard to discourage crypto currency ownership. They spread FUD and try to drive down the market price of Bitcoin and the other cryptos. Do not let them fool you. Never stop pursuing your goal to own at least 1 BTC. Your financial future and your family's is at stake.
In conclusion, this is probably the most important question to ask. Once you own that 1 BTC what will you do with it? Remember 367 other people are screwed because they do not own Bitcoin. Will you Lord or Master over them and take advantage of their plight? Will you help them and not be selfish with your wise asset that you purchased? Only you can answer that question.
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That's great analysis. As we experienced bitcoin for a decade now, it has received and endured lots of criticisms. And I think it'll take another decade for this awesome coin to gain stability and widely usage.
We're still at the infancy stage. It's a matter of time.
Oh,, sorry for the lose of your 6btc.
Thanks for your comment. I agree that in 10 years from now, crypto will be used throughout the world. I sure wish I had my 6 BTC back, oh well, live and learn.
Hey Jet! That was a great read. I've been laying low lately, not even paying attention to the ups and downs of cryptos. Been spending most of my time in the garden actually. But I do know, at the end of the day 1 BTC is still 1 BTC - and that's comforting.
Correct, price is irrelevant, you either own 1 BTC or you don't. I never worry about the ups and downs of price. I have also been busy in the lab with my new inventions. You would really like to see what we are learning about engineered water and how it is helping 4X the growth of plants and produce.