So I am talking to my broski and he brings up the .002BTC to own your ‘#share’ of the BTC network; but when I look at it, I come up with a different value.
Open for #discussion.
2.07Mil BTC on exchanges; just over 1.2 M left to be mined total- so I’ll call it 3.5Mil BTC available.
Assuming at a minimum 2/3 of this is already accounted for in corporation and state/nation buys; that leaves 1.2M+/- BTC for #retail buyers.
Population estimates assume only 1.3% of people hold BTC. 8B x 98.7%=7.8B
7.8B /1.2M = >.00015 BTC or >$17 USD today; to own your ‘share’ worldwide.
For US Citizens, the US has roughly 24-25% of the M2 money supply, so 4x this # and get .0006 BTC or $65; less than the assumptions at .002 BTC at $216.
We are not even talking about #supply shock, or those willing to purchase ‘more than their share’ in the future.
We should #challenge every parent to put a minimum of $100 worth of #BTC in an account for their kids and never touch it!!
Thoughts:
nostr:nprofile1qqsxpfwtq34xpnqy9djsg7jjayq3rrst95r4xflje0nqlwjjwhfhrycpzpmhxue69uhkummnw3ezumt0d5hsz9thwden5te0wfjkccte9ejxzmt4wvhxjme03rnrqm nostr:nprofile1qqsxp8ex7v3p97qtwv2w27xpsfpmph665mc087975u44873yvwj8fkcpp4mhxue69uhkyunz9e5k7tcprdmhxue69uhkummnw3ezummjv9hxwetsd9kxctnyv4mz70s328h