Owning 1 Bitcoin will make you part of the wealthy elite. Crazy as that sounds now, the reality will be far different in 10 years from now. We are already hearing stories of people taking out home mortgages to purchase Bitcoins. One person took out a $2 Million Dollar loan on their home to purchase Bitcoins. Can you see now, how Bitcoin will be $200,000.00 within 2 years? When people are borrowing to purchase Bitcoin, the price will rise exponentially.
Remember there will be only 21 Million BTC forever. Approximately 16.5 million have been mined and some have been lost forever (including some that I have lost). This means even less than 21 million will be in existence. There are over $600 Trillion Dollars in Global assets (Fiat currency, Stocks, Bonds, Real Estate, Fine Art etc). Owning 1 BTC will be worth over $28.6 Million Dollars if only 1% of the world’s wealth turns towards Bitcoin.
This is actually a conservative number. Many estimates are indicating that close to 8% of the world’s wealth will turn towards Bitcoin. If this happens, than one BTC could eventually be worth $228.6 Million Dollars! This is why some say that owning just one Bitcoin could bring about Generations of wealth. Can you imagine, that by owning one BTC, you could provide wealth for the next 4+ Generations of your family!
It is hard to believe and seems fantastical, but the math does support such crazy possibilities. I think this growth potential is why we are seeing people starting to borrow against their homes in order to buy Bitcoin. Once BTC breaks $10,000.00 per coin it will be off to the races. This will happen very soon. Once it hits that point, all of us will be amazed at the monthly gains that we will witness.
This explains, that within 10 years, why the majority of the Global population will never have hopes of owning one Bitcoin. People in the future, will be talking about how many Satoshi’s (100 Million per 1 Bitcoin) they own not how many Bitcoins they own.