Approximately 17 million Bitcoins have been mined.
Some estimates say 4 million have been lost, lets say 3 million for the sake of argument.
17 million - 3 million = 14 million
There are 11 million millionaires in the USA
2 million in Canada
Nearly a million in the UK.
That makes almost 14 million millionaires in those 3 countries alone.
What if each millionaire bought 1 Bitcoin and held it, the price could only go one way - up.
Of course the circulating supply is a lot less than 14 million and there are a certain amount actually being used for transactions so that liquidity would remain.
Still, go and convince your millionaire friends to buy a Bitcoin or if you don't know any personally then knock on the doors of some big houses and tell them to do so. Who cares if the last option could get you detained by security or even arrested for trespass but you know what I mean.
Just a thought!
Then what will happen? At the of this, those millionaires will be a little richer. It will only have a negative effect on bitcoin network if everyone starts only to hold.
This was meant as a kind of jokey article, not to be taken too seriously and to get people thinking, clearly a lot of liquidity will remain, how would all those people on the dark web make their money otherwise!!
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STOPTo support your work, I also upvoted your post!
Fork BTC with BTCM ( original BTC) for Millioners and BTCT for Thousanders. M=millioner, T=thousanders. Just a joke ha but maybe ok for orhers
I think its not a question of price is a question of use of the currency :D
Yeah I do hodl btc right now and I am ready for bull run (hopefully very soonest) Well, Aside from this I also joined and fill out the form about giving feedback/experienced on kucoin. While btc is on dip and I can't sell mine I will grab this Free KCS after I done joining this event on Kucoin. Simply answering this
You got a 7.01% upvote from @oceanwhale courtesy of @p-props! Earn 100% earning payout by delegating SP to @oceanwhale. Visit www.OceanWhaleBot.com for details!