Topic: Huge Future Bitcoin Holders! (Read 839 times)

Will the fact is that now all rich people give a dumb risk to investing crypto, they'll prepared to take the risk to bonds or real estate.
Rich people become richer because they simply continue investing and growing their company, not because they are investing in Bitcoin. And the truth is that Bitcoin is not for everyone and not all are holders, many are just doing trading which means that there is still a lot of Bitcoin available in the market. Unless all people who have Bitcoin will hold forever and never sell them that certainly, we can assume that 21million total supply of Bitcoin has been accumulated already.

Many analysts say that Bitcoin will be 100k by 2022.At present, it is not possible to do such an analysis considering the market value of Bitcoin. Now the bitcoin market is very random.Yet most people invest in Bitcoin. Investing in Bitcoin will one day put people in a very good position.I think Bitcoin will pump up a lot soon. However, those who want to invest can still invest.

I think, it will be happened this year.Bitcoin will hit 100k more this year.People love to bitcoin investment still now.I think bitcoin price movement still correction. Now.market condition Very hard so bitcoin price will be grow agaim but should need to time. I hope bitcoin price will be rise in end of November This year.

Well, the OP is repeating something I've heard Saylor say a lot, which has its logic, but doesn't necessarily have to be so. There are many who don't care about Bitcoin, and who are immensely wealthy by other means, by having created a company or several that are extremely profitable, money making machines. Many have real estate properties everywhere that give them cash flow as well.

I think it stands to reason that as time goes on demand by wealthy people for Bitcoin will increase, but the math doesn't have to be as the OP (or Saylor) puts it.

That will favor altcoin user if all the Bitcoins will be on Rich peoples wallet lol , Look at the movement , bitcoin is still available for all people meaning that Millionaires are not Buying Million bitcoin each lol.
But given the circumstances ? this will have a big effect for all Bitcoin users and all the altcoin users as well.
Though I'm afraid that rich people will do such action because if they wanted it is already done by now.

Well, its true that rich people will become richer if they invest in Bitcoin. But even if they dont, these people belong to the upper class has their own way to maintain their wealth because of their mindset to make more money. So dont be afraid that Bitcoin will make them rich more, probably many rich people are also not aware about Bitcoin. Its not different to average people who are not aware or not taking advantage the cheaper price (compared during bullrun).

Thus if you believe that Bitcoin is the future and a profitable investment then start investing now and dont think of other people. Just mind your own and focus on what good it can do to you when you invest in Bitcoin.

With the government and legislative steps to legalize bitcoins, increasing adoption of bitcoins for payments by many big companies, bitcoins will have a promising future. So, the future of bitcoins looks very bright.

Bitcoin could hit $100,000 within a year, Antoni Trenchev, CEO of crypto lending firm Nexo, has predicted. I also think, Bitcoin could hit $100000 within a year. So hopefully Bitcoin holders future is very bright.

One of the reasons on why people or investor do really dive in on investing to altcoins because they are aiming for 2x-100x-1000x kind of return which we know that it couldnt be possible on bitcoin and other top altcoins
in the market but its true that when it comes to potential or a bit security then we could really assure with these established coins considering the dominance or simply the support then you could really tell
that it is really worth for long term but if you do go for short term then you could still possibly deal with it.

That's one good thing about bitcoin because it gives equal opportunities to everyone. But i believe not everyone gets the same opportunities as rich people have more privilige than middle class or low class people. However, this is not enough reason that poor people cannot overcome those rich ones. Once they start to come out from their comfort zones, they will get the same privilege and can even become smarter than them. And will be more profitable when they start to maximize bitcoin buying and hodling from now on.

Firstly, there's not enough bitcoins for all millionaires to get 1. There's not even enough for all billionaires to get 1.
Also, getting 1 is not really an investment to these people. When a billionaire invests he or she buys a few million worth of assets. When you have 100 million or more you're not going to play around investing 50k here and there. You will invest a million because even if that 50k goes up 2x that's just another 50k, pocket money that you spend on holidays or when you want to buy your wife a horse or something.

that's right....we are looking for security.....
but in reality everyone has a greedy nature who wants big profits and we can't deny it...
some altcoins also provide security by looking at their future potential even though they are not like bitcoin
but altcoins have to offer something that bitcoin doesn't have because altcoins came after bitcoin and made up for bitcoin's shortcomings

They are profitable in some ways due to pump and dump schemes happening on altcoins, but if we talk about bitcoin we can say that we are safety in some ways since we know this coin have more better chances to gain more value. If your concern about profitability bitcoin can still give that but do short trades on its volatility every and for sure if you do a right trades you will be compensated.

Have bigger chance earn profit with altcoin than bitcoin depending with price bitcoin have been on $41,000 right now, I think have different safety with holding between bitcoin and altcoin, actually bitcoin keep secure than altcoin have potential to be scam with delisting from exchange market until drop price drastically. I think with bigger company and many billionaire will interested for holding or investing on bitcoin than trying with altcoin as alternative investment, better with several percent profit but keep safety than altcoin have bigger risk.

every millionaire who joins crypto will not hold only with bitcoin, and sometimes they hold more altcoins.
if every millionaire in the world holds 1 bitcoin with a limited amount then bitcoin will become an unused antique but its value is so fantastic that when someone sells a penny it will be a bone of contention because millionaires will not sell it and always hold it

You are right, indecencies that the Richer has taken a numerous risk before it could became a rich person, people don't like to take risk and not knowing that a risk taker are liable to become a rich person, so anyone that has taken risk before, especially in cryptocurrency, does not been afraid of crypto market been dip or not before venturing into investment, those who always be afraid of dip market is actually a new investors that is afraid of lost.

Even if they all should start investing in Bitcoin I don't think that they would be ready to hold it forever. It is just going to be for some time and they will definitely sell it and others will buy it as well. And another thing is that the more that they are investing the more that the price of Bitcoin is increasing so there is no possibility that they will be able to buy up all the bitcoins in the market. That is not possible at all.

I have seen this kind of question being asked several times in this forum, some people usually worry that the coins might finish in the market but I don’t think this is possible. We have learnt that the more there is a demand, that the value will keep on increasing to match the level of demand there is in the market.

Take it that if you were among the early birds who bought bitcoin at the earliest stage when the coin was cheap, and you are able to haveee till now check out how much money you would have made from your Bitcoin holding.

But if you say rich forks buying at the present price have the opportunity same as early adopters I may politely say it wrong and that can never be.

I see BTC as that Stock market investor who spends time looking for the best stock that will give him profits in 8-10 years, if a person is clear that when entering the crypto world the safest stock or currency is BTC, because the altcoins are direct dependents of BTC, taking this premise into account, a person with money who waits at least 2 or 3 years (a very long period of time) will obtain benefits quickly, of that I am sure, because if the last ATH was close to $70k, the expectations for the next ATH will be above $100k I think, and I think it will be short...this is what every investor should see.

my take on this - don't worry about those millionaires. they can do whatever they want to do in life. just focus on yourself, as a crypto user. as the opportunities present at your doorstep, grab it while you can. start collecting satoshis, even if it seems dust to many. who knows, in the future, it will be valuable? don't let yourself regret for the options that you may have today. if you will compare yourself to others, you may feel self-pity. better mind your own business. and don't let others' status in life discourage you from achieving something of your own.

Large future bitcoin holders, I agree with your review, but I personally think that the most people holding future bitcoins are millionaires and big companies, but from a spiritual point of view I'm still not sure, because it's not necessarily people who can hold bitcoins if the state they are in crisis, and ordinary people must have been unable to compete with millionaires and big companies, if you say bitcoin holders will be big but the holders are millionaires and big companies it makes a lot of sense.

Poor people still have the right to own bitcoin and get rich but it will be much harder. While the poor have to collect bitcoin through Fauchet, save to buy bitcoin and rich people will have capital available, investing will become simpler. When the market goes down, the poor will panic to sell because it can be all they have, but the rich are willing to lose that money because they have a lot of money left.
The rich will always prevail.

The holders are increasing day by day as it is become more popular to the digital world .The world are really adapting on it .This is true word that rich are getting more rich but still they will not stay without having on investment .So we need to catch the opportunity what i have though it is less but it has .We still can earn if we spend more time behind it .Still we have a good chance to buy and why we will miss this chance .Surely we will not able to buy btc on future on huge price so we need to increase our investment and don't miss a single chance to own it .Hope we will have a good place on future .

Yes, the upper class has a better advantage when it comes to investing in Bitcoin and making profit from it because they're already rich and they have enough money to invest in the market. But there are also a lot of middle class and the poor that have as well managed to invest the little that they can in the Bitcoin market and when these millionaires start to invest in Bitcoin it is also going to lead to an increase in the price which I know for sure would also benefit the middle class and the poor that has already invested before them thereby making them richer than they currently are.

So, it is something that benefits everyone and not just only the upper class , but like you have said the upper class always has the bigger advantage.

Bitcoin holders indeed seem to be benefiting in the future, seeing that Bitcoin is still surviving and its value is also increasing while having optimistic thoughts that Bitcoin has a long term so it is possible that in the following years its value will also increase. Moreover, Bitcoin's performance from last year year to year also feels better following altcoins. This is also a reason to continue to support Bitcoin until later. Many people have found it easy and useful to use BItcoin, many of them whose economic conditions are getting better this indirectly also helps the world to reduce poverty little by little. But the rich are also will get richer, what is worried is that they will act arbitrarily because they have a lot of money, but I hope they remain wise in doing things.

Thats all because of the risk, when they invest huge money so it will cause huge risk or profit in the future. As long as the market in bearish era, they will get the big effect of their investment. This is why they aren't considering Bitcoin as a good investment. Risk of scam investment or systemic effect.

this is why we need to acquire bitcoin today and need nothing to wait for long  and many of us already accumulate bitcoin nowadays, I myself had some funds though not that High enough yet? when the time comes as Bitcoin reaching a Million dollars? i know i will be one of those very lucky in few worldwide.
and of course the demand will increase surely in the future maybe in the next 5-10 years? you'll see how much this will cost you so best to get yours now .

This is one major problems we have face about Bitcoin but to skip it is to buy now, maybe with the little you can afford. In the near future there will be no chance to acquire Bitcoin in enough volume which may definitely lead to increase in price and in Demand.

Bitcoin provides its trustee a good chance to be rich. It is a fact that huge future bitcoin holder earns well. In the past, at the beginning of or at the start of bitcoin everyone knows what was its price at the initial stage. And the businessman who trusted and hold it for the future. They earn very handsome money in the cryptocurrency business.
Today, The persons who have good planning, study, strategy, investment, and hardworking are earning well from this business.

and not only early adopters of course who can benefit from bitcoin, even today for example we want to buy bitcoin for us to save and we invest our money in it for a long period of time, of course we can also get bigger profits too of course, with so many requests, of course bitcoin can increase its price to a higher price than the current price. because in my opinion with so many people who know and know bitcoin, of course there will be many people who want to buy and store it, and that will make bitcoin the price is increasing.

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French Translation:

Avec plus de 50 millions de millionaires a travers le monde pour seulement 21 million de bitcoins en circulation;

la question est "qu'arrivera t-il quand chaque millionaire decides de posseder un bitcoin"?

La moitie de la population des millionaire est age de 25 ans et est capable de posseder tous les 21 millions de btc. Des lors, les riches ont plus de chance de devenir plus riche et non les pauvres et la class moyenne. N'est t-il pas quelque chose d'injuste? Je finis par croire, 80% de bitcoin sont deja confisques par les riches pour une tres longue duree.




Please help
French Translater
MR Bent:
Bitcoin wallet: 37YTEePnqAm23JA8uDos6DZ6mme3CDrs5z

Thanks!

Yes, there was a time when many people were not interested in Bitcoin. But believe me, now you will not find out a single individual who is not interested in bitcoin.
yes, till now they keep taking against bitcoin, do you know why? cause they missed out to buy it at a low price.
Though many people are against bitcoin but, trust me, they also secretly keep track of the market price of Bitcoin and feel jealous.

There are also some millionaires who wouldn’t be interested in it and would rather prefer to be making their investment in other type of assets. But even all the millionaires like you have said decides that they want to invest in Bitcoin and maybe they want to buy 1 Bitcoin each – what you have to know is that there is no possibility for all of them to buy one Bitcoin each since the market is filled with so many other People and as each continues to buy the more that the value increases, and they might to even pay up to a million for a Bitcoin or even more as it continues to increase due to demand.

Yes, that is why early adopters of Bitcoin were able to make lots of money because they were able to get on early and hold for a long time and it favored them. It is also going to be the same with people who would get on now, I can imagine where the price would be in the next decade ,it is going to be really huge. The same way that the price has increased to this current price level right now is the same way that it is also going to be very high in the next decade. With more investment coming in, the price would be increasing more and to match the demand that will be coming in the market.

Bitcoin was created to eliminate errors from world economy and also make people richer in the community. People think that bitcoin was created to make people rich only, but those that invested on bitcoin wisely will have something great to achieve in the future. The future is bright for bitcoin holders to start making profits from their long term investment because the price of bitcoin just hit $41k few minutes ago in the market

Well this is the most common problem here when you belong to the ^{[middle class]} people that only can afford to invest in a short period of time and then when it needs badly financial support it could be the asset becomes easy to pull out. Not unlike rich people always can afford to spare a big amount as an investment and are willing to forget without thinking of pullout out because they had a lot of money. It seems you are right, the rich will become richer when they invest in bitcoin, time will come bitcoin supply will become lesser while the demand are widely accepted by most countries.

Yes, I think bitcoin is still believed in the future will provide wild and impossible returns for large holders that most of the entrepreneurs or rich people have no analysis or prediction of bitcoin's future growth.
and it may also be that some of them are not strong enough to last long, perhaps due to boredom and impatience, eventually quitting because their trust or doubt is diminished by news or other influences. and there are also quite satisfied with the benefits obtained, and there are many other reasons and we can only speculate.

In real terms, this scenario can no longer happen because we know that there are investors and Institutions that already own thousands of Bitcoin to themselves and that was even if access to some of the already mined Bitcoin was not lost.


This is mostly the case because the Rich already have the liquidity to Invest in Bitcoin so for those that are Bitcoin savvy, they will even acquire more as time goes on and will continue to have the upper hand, and how do you think someone in the lower/middle class can come up with a Bitcoin Investment to put them amongst the Rich?

Still not guaranteed here. There are some rich that know how the market works or in short, they have different mindset especially most of them are businessman for sure, who already lot of experience how to generate more money.

Additionally is there are some rich who already don't expect too much on Bitcoin or they are not considering Bitcoin as a good investment which for me doesn't matter as it is their own opinion.

Also with experience since capital will not guarantee anything especially the one who have it doesn't have any experience on how to trade or handle their investment since if they just there because they got FOMO then theirs a chance that they have the same fate with other people who panic and lose their money for small movements.

But since bitcoin is strong currency its given already that this is good to hold since as historical data said we can see the price pump and it may also happen in future.

Everyone could really able to ride with the volatility, it is really just different when it comes to level of capital and possible profits that could be gained since we know that there are people who do really

hold even more which is indeed reality and thats why lets just accept this fact but of course there would really be risks accompanied with it.
Just dont anticipate that there would be huge returns but it isnt really bad to have lots of other coins aside from bitcoin.

Rich people will actually be getting richer because they are more strategically knowledgeable when it comes to investing and they have the money to fund which they don't need for them to buy and sell but they just hold until the moment they want to sell it.
Do you think OP that because of that 80% of Bitcoiners are holders this will lessen the demand? No, but instead seeing the price of Bitcoin will still be growing.

https://nypost.com/2022/02/05/how-cryptocurrency-made-these-four-ordinary-people-rich/
Well, this is quite believing that there is still a way for the poor and middle class to become rich.

The bigger your holding the bigger your profits you are right with your statement one needs to know when to take the profits and walk away because not everyone has the appetite to hold for infinity so just get on board and cash the ride.

Not only the rich can take advantage of the volatility of the Bitcoin market anyone can also take part in the profit-making mechanism presented by Bitcoin.

It is not just about "prefer", it is about not needing it. There are so many people here who want to invest 100 dollars and make 100x in a week because that is all they can afford. They can't just put all the money they have into crypto and wait for years, because they are poor and the money they have is not enough to really matter at all.

I do not have enough money to invest that could even do 2x and make me "retire", let alone be rich. So, these people are looking for short term quick gains because they have to. I don't do it, but I understand them. Rich people on the other hand can do whatever they want because they are rich, and that is what being rich can help you with.

Those who hold big will have a greater chance of getting rich. it all depends on how much we hold for now. but not everyone is able to survive for a very long time, when the big profits are clearly in sight, I think this is the right time to take it. and that causes the market to go bad.

Yeah, you're right. Those who want to invest whether the price is high or cheap will still take the risk. Why? that was because they know that Bitcoin has a better future and investing this gains a profit. The advantage that these rich people is because they have enough money to invest, they are not worried if they lose unlike the poor people and even from the middle class.
It is now that people know more about Bitcoin, proving that was really profiting, they're now seeking a chance. And nobody had ever thought that Bitcoin will burst, not anymore this time.

There is a lot of talk about bitcoin going down in value, that it will be worth nothing, and this is confusing a lot of people. But I want to say that such conversations have always existed, at all stages of the development of bitcoin, for many years it was called a bubble that will burst, but as we can see, this does not happen. Now it is difficult for many to invest in bitcoin because of its high cost, but as they say, - if there is a desire, there will always be opportunities.

Rich people will be more richer because they always see the value of bitcoin and find themselves investing more in bitcoin and eventually hold them after. However, for middle or poor class, if they stick to invest on what's more affordable for them, then they will always miss the chance to invest in bitcoin. And that simply means that their financial status will always be low and never grow, unlike investing in bitcoin though its high risk and expensive but its rewards is definitely worth it to make you rich.

Yes, of course btc is btc. You pay for a btc to get a btc not altcoins or anything, that's a disrespect if a seller didn't obey the order of their customers but buying btc does not make you guarantee that you are now secured or you can now expect to earn a profit but it still depends on the ability of the person that owns a btc. Yes, altcoins dump harder once bitcoin dumps, that's only an evidence that there's more people that have a faith on bitcoin. Why would be scared when more millionaires buy a huge chunk of btc? But instead we should be happy for that because that makes the market pump.

@bittraffic yes, there always going to sell their btc's because it does not make sense holding btc forever. We should not worry about the supply or anything else.

The trader should read all the story before taking a movie. Movie without good story is like a unhit movie.So all traders should read about the bitcoin before the investment.Investigation before the investment is sounds good then the reverse process.The whale had a huge control over the years in the bitcoin.Bitcoin had a great influence on the economy now. So investment should made after the analysis on current market situation.

There was a time when bitcoin was cheap as 1 dollar and still accessible to anyone who went for it, doesn't matter if they were rich, middle class or poor. So we can't blame bitcoin for making riches richer. Middle class and poor people should be blamed for not adopting bitcoin when it was still on its earliest phase. For some reason they didn't have interest for bitcoin on the perfect moment, while those who had were benefited. And that is fine, because early enthusiasts took the risks and believed when nobody else did...

For those who still don't own any satoshis, it's better to recover the lost time and adopt bitcoin as soon as possible. Each new year it's going to be harder and harder to acquire bitcoins for affordable prices, especially when reaching closer to the halving.

If one wants to see the true picture of cryptocurrency you will need to go back to study the Bitcoin history and chart, well I don't think with the currency system having the whole of 21 million Bitcoin into the hands of the rich is possible. Because Bitcoin is already halfway divided into different wallets some of which are currently inactive e.g Satoshi wallet and the rest of Bitcoin early adopters who bought Bitcoin when the price was relatively low. So no whale can have total control but as long as you hold a bit in your Bitcoin wallet you are part of the Bitcoin network.

What do you mean a threat to the future? What exactly is the future for BTC?

Yes, Rich people don't play with their investment by spending a huge amount of capital to purchase bitcoin. They are fully prepared for this bear market not to sell than to buy more of bitcoin to get richer in the community. The rich people prefer long term investment than short term investment because the long term investment allow the rich people to have a good plan that will keep them richer. Poor people always afraid of putting huge amount of money on bitcoin investment because they don't believe that bitcoin investment can make someone rich in the community .

OP, what you point out is something I have thought about on several occasions ever since the institutional investors find a safe haven in Bitcoin and the best every middle class or poor people can do now is to hold their bag rather than sell for little profit.

I think we need to understand that even if Bitcoin become the mainstream of payment all Billionaires won't invest in it and the same thing happened to the Millionaires. Although if there's a huge number of Billionaires that invested in Bitcoin, it will influence some organizations and individual

Not always happen what we think. A lot of millionaires even don't know about cryptocurrency. Do you think they aren't earning a handsome amount even when they are sleeping? I think so. Millionaire for a country doesn't matter, it's a normal matter for a country in the native currency. So better we talk about Billionaire rather than talking about Millionaires. No, all billionaires wouldn't invest in Bitcoin nor they would have faith in it. They have a solid earning source for how they become billionaires, doesn't necessary to be interested in Bitcoin. Even they become interested, there is a unit of Bitcoin that will solve the problem. Always we may buy Satoshi unit.

     You know what brother, there are actually only a few millionaires that own bitcoins and most of them became one because of the very existence of bitcoin. While it's true that millionaires have a lot of capability, it won't be as easy as in the oast to get their hands on bitcoins anymore because if you think about the fact that in the past few months only a few decided to let go of their bitcoins despite the huge dip says a lot already. And if we consider how few the maximum supply is along with how little there are that has been mined, billionaires and institutions have the upoer hand. Just same as millionaires compared to the less fortunate. Its just like this: The earlier years of bitcoin are the times when the less fortunate have great chance of acquiring them. The middle, up to this day are for the millionaires and slowly turning into times for billionaires. The coming years, are for billionaires. While it is evident that any of the three classes can get bitcoins in whichever timeframe depending on resourcefulness, we cannot deny that the ones with higher capital will always have the upperhand.

     - Now, does this makes the rich richer? Probably. But it doesn't mean it makes the poor poorer. In fact, it helps the poorer get more opportunities since bitcoin is not the only crypto out there and as bitcoin rises, it takes with it all the altcoins. So if a person is smart and skillful enough, he won't get poorer. Instead, he will be rich.

Because they can afford it, they are not afraid because of how much money they spend so they are not afraid to buy bitcoins when others back off to buy bitcoins.
Because they also have more assets so that what they have bought is not afraid to keep for a long time.
In contrast to people who have limited money, everything must be thought about first.

Well, rich people become more richer because of their mindset to look for long-term investments and that's what separate from small time holders. They are buying while others are in fear and dip market right now they loading their bags and they know when to take profit. Bitcoin is open to all and the focused should not be on big time whales, as small time holders should also think like big, hodl and be a diamond hands.

Rich are becoming richer because they are investing into different assets or business that gives them a potential huge gains.
It is not their fault If they all own 1Btc and became even richer when middle class or even the poor ones could actually accumulate Bitcoin gradually for a long term profit.

Middle-class people usually depends only on their high paying salary.

Why focus on those millionaires because all of them have other business to deal with and if they are interested with bitcoin then maybe by now we see majority of them are in this industry. Its just each one of us have different perspective upon looking on different investment and might majority of millionaires doesn't want to engage with bitcoin since as we can see on the mainstream bitcoin didn't get a positive outputs towards them. Just focus on what did you do today since for sure it can help you out gain in future.

Bitcoin is Bitcoin, buying it you can feel confident that everything will be fine with your coins. And at the expense of altcoins, these are always increased risks, what risks they are exposed to, I will not enumerate all of them well know. Well, if you look at history, altcoins almost always get cheaper relative to bitcoin, so the conclusions are obvious.

actually the numbers are not valid because we already Knew that there are only lessen Millions of Bitcoin in circulation and to be Mined meaning this can be 15 millions ? or even lower .

But I'm afraid this could happen because those 50 millionaires around the globe are not interested in Bitcoin or even in cryptocurrencies this has been in the system for more than 10 years yet only few are willing to Buy.

though you have a point here.

Slightly disagree with you, even the chances of a poor person becoming rich can happen because of crypto. Even many people started collecting bitcoins through Fauchet, and it didn't require any prior wealth. They continue to multiply by trading, mining or anything else.
Of course capital also affects the results, rich people will profit more if using large capital. I think the difference is only in the initial capital that the user has.

Crypto volume also includes all altcoins, not just bitcoin. Retail investors won't lose out on investment options. In addition, bitcoin is valuable because there is a global demand there. If the supply of bitcoin only rotates between 25 million millionaires, it will reduce the level of demand which means inflation will occur.

We don't know if many millionaires are interested in buying or investing in BTC. There is no data about how many millionaires are involved in BTC investment. But even if half of the millionaires want to have 1 BTC, it won't be a problem. Instead, it will trigger the price of Bitcoin to increase massively because all people will trust more in Bitcoin. Once many millionaires decide to buy Bitcoin, it becomes strong proof that Bitcoin is a trusted asset for our future.

Anyway, it is true that rich people will be richer if they know well how to invest in BTC properly. While middle class and poor people can improve their economic status. So, nothing wrong with this, right? It is even a good way to strengthen our economic level.

Monopoly kind of style eh? Cant really be avoided on which to those who are financially capable are the ones who would take advantage on accumulating more which it is really that normal since they do
have the money to spend or invest on compared into those typical or ordinary investors but to mind off that the circulation would count as a whole as people could engage out even with just having few satoshis but somehow speaking of profitability then we do able to see the big difference. Market movements isnt something that would be easy to manipulate but its not impossible though.

Bitcoin is good to invest on, and especially for rich people who have spell money for investment, it's very encouraging and very understanding support your motion concerning rich people have the chance to get more richer for investing in bitcoin, from my understanding once in Bitcoin once you getting your profit depends on how long or time frame is the investment.

It's not going to be that easy concept. Rich people are no guarantee of getting richer when buying bitcoins for millions of dollars. The price of bitcoin fluctuates and some rich people certainly don't fully understand bitcoin. Bitcoin was not created to solve the problem of economic inequality. If a poor man who only had $10 was aware of bitcoin and bought it at the beginning when bitcoin was still for pizza he would surely be a rich man if he held it in until now. Bitcoin provides opportunities for everyone, not just the rich.

I agree with you.

Those people who are trusting into Bitcoin's capability now despite its price fluctuations over the past months will definitely reap the fruit of their patience and trust in the following years. Bitcoin has been competitive and really moving in aggressive manner over the years. No doubt, it will fluorish even more after some time.

Holders of bitcoin will profit maybe not now, but after a while. Long term investors shouldn't worry much and just patiently wait until its price satisfies them. Personally, I believe that we can really take into our advantage bitcoin's volatility despite it being off to some. But still, it's recommended to have other streams of income and not just rely on one, so while waiting for the massive pump, let's have something to look after to.

In your calculation something very important is not considered. On the one hand, there are currently only 19 million Bitcoin (2 million still need to be mined) and on the other - which is almost more important - an estimated 3-4 mln Bitcoin are "lost", i.e. the private keys have been lost over the years, so that they are virtually not accessible. So you have to reckon with currently available 15-16 million Bitcoins.

Data for 2021 show that the number exceeded 56 million, and only a few years ago I remember a similar thread in which there was a debate on the same topic, only the number of millionaires was 46 million. What you think is realistic is far from it, because every millionaire will never want to have 1 BTC, just as every millionaire doesn't have an expensive yacht, a $10 million house, and an expensive car.

Bitcoin has been around since 2009, and currently on crypto exchanges there are millions of BTCs available for sale - I don’t see millionaires interested in buying it. Being rich does not necessarily mean being intelligent, and Bitcoin is for a little more intelligent people who understand a little more than how to push a credit card into an ATM and type in a PIN.


Most rich people have enough money, you don't have to be afraid that they will buy Bitcoin to be even richer - of course some will, but that number will never be 100% - it might be more realistic to say that number will be maybe 10%.

What the OP says has little chance of happening. Because for that to happen, Saylor, Musk, Bukele, Sam Bankman-Fried, Chris Larsen, Barry Silver, Tyler, and Cameron Winklevoss, to name a few, would have to sell their bitcoins, and that won't happen.

There is a race to see who accumulates the most bitcoin, we already know who has the most and he has shown why bitcoin is important for humanity. Despite the current moment, we have good news around bitcoin, which tells us that it will be for everyone.

Not everyone will get 1BTC even today when a millionaire can still consider it cheap. There is always going to be someone who will sell though. A fraction of BTC is still BTC or there is always ETH or whichever altcoin is preferred. It's a free market where anyone can buy, I wouldn't be worrying about the millions of millionaires if they are not buying BTC, their $millions is not mine anyway.

Well you have a point and if that happens, we won't be having anything anymore. Good thing it is still 18m and counting, or else if those millionaires come to sense and bought one Bitcoin, then the price won't be the same as you portray it. It will be sky rocketing as it will alert other millionaires that another of their pals are raking Bitcoin.

Contrary to what many people want or believe, not everyone can be equal
in terms of financial wealth. Its difficult to see people around the world living
in squalor while the likes of the Russian Oligarch's exist with an obscene amount
of wealth but imagine all the wealth in the world was divided equally out we would
end up eventually right where we are now.

There simply isnt enough Bitcoin to enable every millionaire to own 1, by the time
they all realise this it will be too late for them.

Get 1BTC, HODL and deny one less millionaire!

Where did you get an impression that bitcoin would solve this in the first place? If anything bitcoin / blockchain tech will render some old jobs obsolete and some people will have to re-educate themselves to get jobs. It has made few people financially secured for sure, but speculation isn't supposed to be the main point of the tech.

Then, what about the remaining 20 million millionaires? Don't care about bitcoins?
No, this scenario would never happen. Millionaires have their own way of playing a business. After all, if a millionaire just holds the entire supply of bitcoins means there are no more transactions in the blockchain. At that time maybe the miners will stop their activities, because bitcoin has stopped functioning as a means of payment.

Well, you have some really interesting thoughts. But we have to remember that there are some big wallets that have been inactive for a long time, and one of them is Satoshi Nakamoto. And if all of those wallets are no longer active, the total supply has already been reduced.And this calculation already gives a hint that bitcoin will cross a million dollars easily. If your calculations and thoughts are right, Then yeah, millionaires can reach this asset for more than a million dollars' worth. Buy what you say that the rich will become richer and the poor will remain poor. But it is the rules of the world. No matter if it is the bitcoin world or the general world, the rules stay the same. But we have to remember that Bitcoin has already made lots of people rich in this world. That's what I believed. Thank you.

If you are trying to point out wealth distribution inequality in bitcoin ecosystem, then it's correct! A lot of rich people do hold multiple bitcoins and they have no plans to sell them immediately. Because they understand the math that there can be only 21 million bitcoins. So they are all betting big on the scarcity factor.

Bitcoin is not here to solve wealth distribution inequality issues. Neither it can solve the poverty issues. It has just opened a new window of opportunity and other cryptos are jumping into the bandwagon. People who are interested in this market, are making money!

Well we have different perspective and for me IMO for sure there are some millioners that will choose other investment than crypto currency,  for example stocks, real state and etc. Because you know obviously bitcoin isn't backed by anything unlike other investment.. So i don't think most millioner investor will gonna rely on bitcoin especially when it comes long term.

Do they have advantages because it will help them pump their few dollars or because it protects wealth against the original inflation we have been fighting worldwide? There are other firms that have invested billions of dollars in other assets as a hedge against inflation and are doing well without owning bitcoin.
The thing is, bitcoin beat other assets in many ways but has in own flaws too and having a single UTXO of it as an investment is one of the best decision anyone would make today, nobody knows what tomorrow will tell but sure it has a way increase in price by virtue of its demand and supply.

Bitcoin was never created to solve the wealth gap. A rich person will always get richer if he/she does well, and a low/middle class person will always stay in their place if they don't outperform others.

And yes — if it's the case that every millionaire finds out the importance of bitcoin then all of them will have a good amount. Now, it's your job to be smarter and get in before them if you actually think that bitcoin could be bigger in the future.

You are severly underestimating the intellect of these new-age Bitcoiners. Most of them got into the game a year or two ago and have no idea what is going to happen or what they are doing. Most of them are still "day-trading" their profits away satoshi by satoshi. 80% is absolutely too high of an average and 50% is too high as well. If I had to guess, I would say maybe 25% are true hodlers. At most. (Not counting investment firms)

Most people have itchy and shaky hands and can't step away from the charts for even an hour.

And think of it that a few of those millionaires are aiming to hold not just thousands but millions of bitcoins. This is applicable for those companies like Microstrategy.
They doesn't seem going to stop buying and would like to hold a lot of bitcoins and that's a firm decision that they will be holding in the future without any definite decision until when they're going to hold.

I think the question is somehow relative- like the concept of a millionaire depends upon the social status and economy of a person in his respective country.

To put you into perspective, 1 BTC in my country (Philippines, a third-world country) can yield you basically a good condominium unit. You can be considered as a 'millionaire' if you have 1 BTC in my country. But, a person living in first-world countries (e.g. USA, etc.) can be a different story as 1 BTC there can purchase you something that is relatively lower.

Though, I do agree with you that if a person HODLs at least their BTCs, you can acquire and take advantage of its volatility for maximum profit.

Based on wikipedia a millionaire is a person whose assets exceed one million USD or $1,000,000 and we don't know the assets is a fixed asset or current asset, if fixed asset they can't easily move their asset to convert to fiat.


How much is 1 BTC right now? it's around $39,000 this doesn't mean if a millionaire bought 1 BTC, the rest BTC's price will still $39,000... of course it will increase and exceed $1,000,000 when so many people want to buy Bitcoin. But we don't know if they're sold his coins or the millionaire want to buy Bitcoin, it's only your analogy.

A lot Unknown, that's why I ask a lot of questions.
With over 50 million millionaires across the globe and 21 million BTC , what happens when every millionaire out there gets 1 BTC ?
Half of the 50 is 25 and they can all get the 21million BTC.

This giving the rich a better chance to be richer, and not to the middle class nor poor.
Ain't this a threat to the future ? Cos I believe, 80% of Bitcoiner's are big time holders.

Thoughts please.
Thank X