Even Millionaires Can’t All Own 1 Bitcoin
Image by Christian Haley
As of 2024, there are currently 23.8 million millionaires in the United States. And that’s just in the states. Globally the total number of millionaires is believed to be around 58 million people. The global population stands at about 8 billion.
So whether or not every millionaire on the planet attempts to purchase 1 bitcoin, they couldn’t. And this is of course assuming that all the 21 million bitcoin were just sitting on exchanges, waiting to be purchased. They’re not.
As of right now, over 4 million actual bitcoins have been purchased by Wall Street and large corporations. Those of us on the retail side still own over half the supply. And Wall Street is going to try to take them from us.
The chart gives a breakdown of who is vacuuming up bitcoin.
As you can see, exchanges, the places you actually buy bitcoin for yourself, have the absolute least amount.
Time is always against us, and the above entities are going to do one of two things to try and get yours, providing you even own any at the moment.
They’re going to scare you with violent market swings to try and get you to sell your stack
They’re going to bore you to death with months and months of sideways movement to make you think the market’s dead
Take advantage when they use fear to try and get you to sell, and buy those dips. Set up automatic purchases and withdraw them to cold storage. Only a handful of people in the future are going to own any substantial amounts of this asset. I would like for you to be one of them.
