Dear all,

I just want inform everybody about an interesting (and simple) mathematical calculation I have done based upon the famous Pareto principle, which makes it possible to estimate how the 21 million bitcoins approximately will be distributed over the population in a future world dominated by bitcoin (i.e. everybody using it, which remains to be seen).

Here are the results of my calculation:

•   Wealth level 0: On average 0.0007 bitcoins (held by 6 billion people = the average person)
•   Wealth level 1: On average 0.0028 bitcoins (held by 1.2 billion people)
•   Wealth level 2: On average 0.011 bitcoins (held by 240 million people)
•   Wealth level 3: On average 0.045 bitcoins (held by 48 million people)
•   Wealth level 4: On average 0.18 bitcoins (held by 9.6 million people)
•   Wealth level 5: On average 0.72 bitcoins (held by 1.92 million people)
•   Wealth level 6: On average 2.9 bitcoins (held by 384 000 people)
•   Wealth level 7: On average 11 bitcoins (held by 76 800 people)
•   Wealth level 8: On average 46 bitcoins (held by 15 360 people)
•   Wealth level 9: On average 184 bitcoins (held by 3 072 people)
•   Wealth level 10: On average 734 bitcoins (held by 614 people)

Wealth level 10 turns out to approximately correspond to being a dollar billionaire in today's money!

If you want to know the details of how I calculated these results, please read my article at:

https://steemit.com/bitcoin/@mandrake7/calculating-the-number-of-bitcoins-required-to-reach-a-given-wealth-level-in-a-future-world-dominated-by-bitcoin

and give me an upvote if you liked it

Please do not see this post as investment advice, you are yourself responsible for your investment decisions.