Quote from: kryptqnick on February 21, 2020, 05:48:17 PM

Quote from: mk4 on February 21, 2020, 04:19:58 PM

Quote from: Asuspawer09 on February 21, 2020, 03:18:08 PM

To be part of the 1% of the richest in the world when it comes to Bitcoin you only need 0.28 Bitcoin . - According to Jake Levison

Yea, in BTC terms. I honestly don't think that statement means that much because it's probably only relevant if Bitcoin actually reached far far greater heights in terms of adoption. I'm personally also a long-term bull and I completely get what Levison is trying to say, but idunno. It's not safe to assume that some people are already assuming that they're going to be one of the future world elites if they own 0.28 BTC. A slightly negative comment to balance things out a bit I guess? Tongue

To be honest, I don't understand how this number is calculated. I had a quarter of BTC, so I was pretty close to this one, but why is it 1% richest holder? There are 18 million BTC in circulation, so it's really hard to believe that such a small number could make a person a part of 1% richest holders. And from the data I've encountered on the richest BTC addresses, they have quite a lot of BTC. If there're 42 million wallets, then the one owning at least 0.28 BTC should be in 420k of the richest ones, right? If what AsusPower wrote about 720k addresses with 1 BTC or more is right, I don't see how the math can work out here.

It's probably assumed that with mass adoption the price increase is a given. Therefore with the huge value, regular people will be getting small amounts of BTC for everyday needs. Those addresses will still be wealthier than you but all the newscomers which will outnumber old investors will change the metrics completely.