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By holding 1 BTC you will be in a 0.26% minority but as one person can own thousands of BTC, you likely are in a 0.026% minority. A look at how unique you will be by owning 1 BTC.

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by COINS NEWS 115 Views

I thought why we should not do a little maths class today, as we all know the dream of probably 99% of us here is to one day own one whole Bitcoin. Having 1 BTC is a goal we kept hearing for the whole bear market and we even had some people celebrating their success. Now some may say why is this so special, letβ€˜s have a look at the statistical achievements if you own 1 BTC.

Firstly, the total Bitcoin supply is 21 million, of course some of it is lost forever but those estimates range from 1 million coins lost to 6 millions coins lost, so we will not put that into our calculations. But remember that through this our numbers will be a lot more generous than in reality:

The Numbers for 1 BTC:

Letβ€˜s imagine one person can only hold 1 BTC at most that would mean by holding 1 BTC yourself, you are in a 0.26% minority.

Calculations: 21.000.000 / 8 billion (human population) = 0.0026 * 100 = 0.26%

But obviously one person does not own only 1 BTC but many whales have thousands of them. To calculate now is nearly impossible so we will use estimates and guesses. We know that we are just about to have 1 million addresses with 1 BTC after over 10 years, now we will double that number for the future.

Calculation: 2.000.000 / 8 billion = 0.025%

Meaning you will be one in every 2 million person if you own 1 BTC.

Now the current numbers: With 1 million addresses (not people) holding 1 BTC you are in at least a 0.01%. minority if you hold 1 BTC but likely it is way more.

Hope you guys enjoyed looking through those numbers and realising that owning just 1 BTC would put you in a exceptional minority of the whole humanity. It is truly a privilege to own 1 BTC.

submitted by /u/partymsl
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