Name: Bitcoin is so Scarce that owning just 0.1 BTC is A Lot! 🪙😲
Uploaded: 2023-08-09T22:38:57+00:00
Duration: 14 min 59 s
Description: Bitcoin is so scarce at its 21M coin cap, there is only enough for each person to own 0.0002 of a BTC. But with over 20% of the supply lost forever and approx. 4% lost each year, that number is dramat

2 years ago

110

bitcoin btc scarcity proof of work satoshi stack sats hodl crypto cryptocurrency ftx alt coin

Bitcoin is so scarce at its 21M coin cap, there is only enough for each person to own 0.0002 of a BTC. But with over 20% of the supply lost forever and approx. 4% lost each year, that number is dramatically lower. Owning 1/10th of a Bitcoin, approx. $3k worth today, will likely be incredibly valuable in the next few decades. If you don't understand Bitcoin or its value, your children, grandchildren and great grandchildren will. Bitcoin is generational wealth.

When this video was made a year ago, a Bitcoin was $17,000. Today it's worth $29,500.

It is very plausible that within the next couple of decades, someone who owns a full Bitcoin will be seen as an incredibly wealthy person.

Original Video by More Than Blockchain: https://www.youtube.com/watch?v=yn-_XTm8rek

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