How many people can afford to buy one Bitcoin that's a big milestone in cryptocurrency is to become a whole coiner having one full Bitcoin and that's becoming increasingly difficult as time goes on as the price of Bitcoin continues to move up becomes more and more unrealistic for people to ever hit one full Bitcoin some people will never hit 0.1 Bitcoin as hard as they may try the price might get away from them but
Today I want to talk about how many people will be able to hit that one Bitcoin Mark and we're going to look at it in a variety of different ways based on net worth how many people could buy right now based on income if you were starting right now how many people could actually buy a Bitcoin and then take a look at how much Bitcoin is left on exchanges look at how much Bitcoin is available out there if you don't mind hit subscribe turn on the
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Going to up this is the one altcoin that I've been piling into Cify it's spiking it's up 15% here today at the highest point that's been in over a year so uh if you want to know when I'm buying stuff like that before everyone on YouTube you can check out the Patreon also if you want to see my trades we're up 56% I announced this to the Patreon as well this is over on blog fin I did a 4X long on bitcoin so a little bit riskier than holding spot but
Not extremely risky with my liquid with my liquidation price under $226,000 now I'm up 56% so there's a link to blow fin underneath the video along with a link to Marx as well in case you want to trade over there neither of these has KYC and neither of them requires a VPN I've seen a lot of people start to join up they want to get in on this bull market and this is one thing that you can do to amplify your returns especially when we're moving up
Now Bitcoin is an asset that a lot of people are starting to look at we have institutions buying we have miners not willing to sell a lot of them we have Fidelity black Rock uh all these ETFs trying to set up or all these companies trying to set up ETFs for the next Bull Run to allow pensions to buy easier to allow retirement accounts to start buying Bitcoin or retirees to start buying Bitcoin they're going to push their financial advisers to have you buy
Bitcoin and over the last couple of weeks people have dug into this narrative some people are talking about how Bitcoin could hit 120,000 this year some people are talking about 500,000 a megacycle we get all types of price targets but one thing that a lot of people want is to be able to hit that one Bitcoin Mark be able to buy one Bitcoin one day have a whole coin and of course that is mostly arbitrary right if you have 0.99 Bitcoin or 1.01 Bitcoin
There's not a huge difference there but that is a huge milestone for a lot of people now today I want to talk about How likely that is for most people to hit and how many people will be able to hit one Bitcoin and let me tell you this it's not very many right now I will say there is about 19.5 million Bitcoin out there in circulation keep in mind many of these are lost you can go look and you can see the Bitcoin that's
Been dormant for 5 years 10 years all that information is public I've talked about it in Prior videos now a lot of it like like I said Is Lost 3 4 million are estimated to be lost more is lost all the time keep in mind there will be a time where there's less Min than what's being lost each day by 2060 we're going to have less than one Bitcoin mined a day people are going to lose more than that collectively we're going to lose more than one Bitcoin a
Day sending it to the wrong address losing our keys that kind of thing keep in mind a lot of people just aren't willing to sell too we're going to be going through it but a lot of people just aren't willing to sell some addresses have 10,000 Bitcoin some people hold 50,000 Bitcoin 100,000 Bitcoin they don't care they think selling to cash is idiotic they think why would I buy cash when it's
Depreciating all the time and I can just sit in Bitcoin forever I can pay for things in Bitcoin I can hold all my wealth in Bitcoin so keep in mind this is becoming harder and as the price goes up it becomes more and more unrealistic to buy one Bitcoin I mean at the beginning of the year we're at 7,000 20,000 now we've rallied up 150% from the bottom how many people lost their chance forever to buy a full Bitcoin and keep in mind you can dollar cost average
A lot of people might say well, of course, I can't buy a full Bitcoin there it costs $442,000 but you can dollar cost average you can buy a little bit at a time now I want to look at this specifically in the US maybe I can do this in a future video with other countries but if you were going to start from zero if you're going to start right now if you are a new investor how many people would be able to buy a full Bitcoin
Like how realistic is that depending on how much you make so I looked at the top 20% of us uh families in terms of income and then the median household income as well so the average salary or the average income for uh the median family I I should say the median family income not the average but the median family income is $80,000 the top 20% is right around $150,000 found that from this the percentage distribution of household
Income in the United States This is as of last year from Statistica or Statista so obviously top 20% have more disposable income they can probably invest more we're going to assume that the savings rate is somewhere around 10% I think that's high for the median us family but we're going to assume it's 10% and we're going to assume that for the top 20% of incomes, you can save or invest 20% now that's kind of arbitrary
Right some people will be able to invest more some people will be able to invest less but we're going to go with those numbers so every year the amount saved or invested is around $88,000 in this example for the median us family in 30,000 for a top 20% top 20 income family now how long would it take you to buy one Bitcoin if you just went all into Bitcoin right you continue to pile money into Bitcoin this is at today's prices it would take 5 years for
The median family to buy and for the top 20% income it would take 1.33 years now what if we took into account um that not everyone is going to put all their money into Bitcoin right like if you're saving 20% you're probably not going to put all your money into Bitcoin for 5 years straight to price going to put some in a Roth IRA or 401k or you're going to save in some other way invest in some other thing so if you did a 20% allocation then it would take you 25
Years for the median us family and 6.7 years for a top 20% family keep in mind that's without the price moving up so what if the price moves up because it usually moves up goes down one year and then up three years and usually like I said it's always in the past moved up from cycle to cycle so assuming a 40% price appreciation which I think is pretty cautious that would put us at about $300,000 from Bitcoin for Bitcoin by 2030 based on today's
Prices I think that is conservative but if we assume a 40% annual increase and we're just going to say straight exponential it's not like up down and you're not timing it you would never be able to get a full Bitcoin even if you invested this entire $8,000 the fact is the price just runs away from you you can't buy it if you only can save $8,000 now that's not to say that you shouldn't still invest in
Bitcoin, if you can never get a full Bitcoin, keep in mind half a Bitcoin is going to be better than no Bitcoin down the road and then with price appreciation well it takes a little bit longer maybe 1.4 years 1.5 years for uh family in the top 20% if they're investing their higher $30,000 keep in mind that's just like investing most of it right now at 40,000 and then most of it at 55,000 or whatever that would be a year from now so it's still you're still
Able to do that if you are a higher income earner you can invest $30,000 in a year that kind of makes sense but if you do a 20% allocation you still will never be able to invest even uh if you're this income earner you're never going to be able to invest enough to buy a full Bitcoin cuz you're only investing 6,000 a year which is less than this scenario where someone's investing 8,000 so you'll never be able to hit whole coiner status so even the
Top 20 If you're not putting a good amount of your money towards Bitcoin you're never going to be able to get it in this scenario let me run the number uh in this scenario how much would you need to invest each year if Bitcoin price is going to continue to go up and this is this all was accounting for increases in pay to a 5% so in this scenario you'd have to invest about uh$ 10,000 $10,500 if Bitcoin was going to continue
To appreciate by 40% a year you need to invest that amount to ever be able to hit whole coiner status and you would be getting there over a decade from now that's just kind of nuts right so most people will not be able to invest enough if they don't go fully into Bitcoin or put 30 40 50% of their um of their savings rate into Bitcoin and I I should clarify that that's even the wealthy people even the people that are making a lot of income the median us
Family will never be able to get a full Bitcoin unless you go off of net worth so that was assuming that you were starting from zero but what if you already have a nest EG what if you already have some money and you want to put it towards Bitcoin well let's assume that you have 5% liquidity in your entire net worth keep in mind a lot of people might have money in retirement accounts or their home or cars Etc other things that they can't
Flow into Bitcoin now maybe down the road when ESP spot ETF is approved you could count this as part of your Bitcoin if you moved your retirement account part into GBTC let's say or you could do it even if you bought micro strategy or clean spark you could say okay they hold this much Bitcoin or they mine This Much Bitcoin I'm going to assume that that's about equivalent now here I took a look not at income but again net worth from here this is from
Census.gov so how much could how many people buy okay let's take a look at the average net worths of people again this is in the US my viewers are usually in the US um and let's take a look at how much they could buy so if you're in the 10th percentile you have zero net worth or less than zero you're negative a lot of people have negative net worth 25th percentile so bottom quarter net worth of about
16.5 th000 Now this isn't based on age this is just overall about the midpoint at $167,000 75th you have about $600,000 90th percent all have about 1.6 million so if you have over 1.6 million you top 10% of uh people that they surveyed so assuming there's five % liquidity the available amounts are here so would you be able to buy one full Bitcoin if you tried to go right now uh unless you're in the top
10% you wouldn't be able to know if you had a million dollars you would have enough uh if you had 800,000 that would be right at the cutoff Point again this is kind of an arbitrary 5% liquidity but I do think that's probably representative of most people in the US now of course if you get into the higher net worth brackets you probably have more liquid net worth because a lot of these people have had time to invest over time they probably have successful
Careers or businesses some of these might just be from house appreciation too if you bought a house in California 5 10 years ago maybe most of your net worth is in your house for example uh so it's hard to tell exactly where people hold all their net worth a lot of people hold it in their homes though and keep in mind if Bitcoin continues to Rally up if we hit $80,000 then that's kind of the cut of point that's where
5% uh 5% liquidity would not be enough for people in the top 10% $80,000 Bitcoin if they moved 5% of their net worth over that would be about one full Bitcoin so that even gets difficult now let's go to the Bitcoin rich list is interesting it shows you all the wallets in Bitcoin and how much they hold what percentage of the overall coins they hold uh EX Etc so let's take a look at these lines down here wallets with more than one
Bitcoin there are about 1,21,000 wallets that have over one Bitcoin keep in mind that doesn't mean that there are one million people that hold one Bitcoin because a lot of people do have multiple wallets if I were to guess it'd be closer to maybe 500,000 or less about half that if the average person has two wallets which I think is a good guess that would be about the case now they also hold
92.7% of all Bitcoin out there is a huge amount the majority of Bitcoin is held by wallets with more than one Bitcoin the majority of that is people that hold 1,000 to 10,000 Bitcoins they hold 24% of all Bitcoin kinds of nuts A lot held by 10 to 100 as well a lot is also held by 100 to 1,000 you can see over here how much they hold 23% 20% 24% now more people have small amounts of Bitcoin more wallets are
Small because there just aren't that many people that can afford one Bitcoin so like I said most of the wallets only uh well only 1.7% of wallets have one Bitcoin to 10 Bitcoin only about 2% of overall wallets have more than one Bitcoin the rest have less so again it's hard to tell how many people hold one Bitcoin I if I were to guess like I said it'll be about 500,000 now let's move over to here some interesting numbers for you to look at for how many
People could buy Bitcoin based on how much is left okay there are about 1,21,000 bit Bitcoin addresses that have one Bitcoin they're about 60,000 millionaires in the world so really there are a lot of people that if they had 5% of their net worth liquid they could buy Bitcoin at today's prices the problem is there's not enough Bitcoin on exchanges there's only about 2, 245,000 Bitcoin on exchanges two
Years ago this was 2.7 million so the change per year the Delta per year is about 327,000 which means at this rate if we're going to continue to drain Bitcoin off exchanges it would last for about 6.2 years so the problem is there aren't that many people that can go buy a full Bitcoin if 10,000 people were to go buy a full Bitcoin it would push up the price if 100,000 we're going to go buy one Bitcoin it would shoot up
The price there's also not that much Bitcoin to go around while we do see the number of wallets that hold one Bitcoin continue to Skyrocket keep in mind some people are just spreading out how many wallets they have and it's starting to taper off in my opinion now micro strategy just said that they bought $600 Million worth of bitcoin increased Holdings by 10% so this is just one of their buys this year they bought 16,170
Bitcoin so they took the opportunity away from 16,000 people to become whole coiners they also said that they were going to clear up some more money to buy up to $750 million more this one company holds 175,000 Bitcoin and they're not even that large a company sure they're multi-billion dollars but they're are 500 companies in the S&P 500 that are their size or bigger so there are a lot of companies that could buy a ton of Bitcoin there are countries now that are
Talking about buying Bitcoin the fact is there's not much to go around so while the price might go up and down you have to remember long term there aren't going to be that many people that can get to that whole coiner status that glorified whole coiner status so if you're able to get there great again it is slightly arbit arbitrary so if that is too aggressive for you for your investment style for your portfolio that's fine you don't have to get to one
Bitcoin if you're never going to hit one Bitcoin based on your current situation that's okay all you can do is stack as much as you can and make sure that you're comfortable with that of course not everyone can have a full Bitcoin just as it works out but keep in mind that there are ways to increase your income so hopefully one day you might be able to get to that one Bitcoin to be clear I think there're about 500,000 people that have Bitcoin
Right now we have a full Bitcoin I think that about 1 million people can have whole coiner status keep in mind large entities that have been accumulating Bitcoin might sell one day but anyone that has 5,000 Bitcoin 10,000 Bitcoin 100,000 Bitcoin probably don't need the money like a lot of them are companies what are they going to do sell the Fiat and then just hold all that Fiat on their balance sheet like what micro strategy does
They sell all their Bitcoin and they just sit on $5 billion they would have so many people sell because they would just realize that they don't have a plan anymore they they're not going to get any Alpha anymore if they're just singing cash also there are a lot of people that have thousands of Bitcoin that will never sell because they don't need to so I think there are about 500,000 people that maybe have it now we could get to a million do I think that's
Going to happen no I think it will stop probably at 600,000 there might be 1.5 million addresses one day that ever hold one Bitcoin but even that I think is unlikely if I had to give an actual guess based on my gut I'd say it's closer to 1.2 maybe 1.3 million addresses that will ever hold that amount and that means about maybe 600,000 people will ever have one Bitcoin let me know your thoughts through underneath the video now if you want to
Trade Bitcoin you can check out the links to Blof Fin and to Marx in the description underneath the video it's not right for everyone but these are awesome platforms Marx you can use all different kinds of collateral to trade all different kinds of assets so I can use xrp to trade Pepe to trade Sheba to trade xrp to trade Bitcoin Marx also has something called an MP Shield which protects you from being liquidated by
People who are trying to push around the price of Bitcoin just to liquidate you or other assets as well Blof fin also doing a big giveaway when you use the link underneath the video you can get an iPhone they have some of the most trading pairs out there like they have uh 200 plus trading Pairs and they're adding quickly so if you want a lot of flexibility in what you do you can go check blog fin as well thank you so much I do appreciate it let me
Know how many people you think can buy Bitcoin thank you so much I appreciate it I'll see you at the next one bye