I know that the reason why we need to tell people about bitcoin is to spread the awareness of bitcoin,so that more people will adopt bitcoin so that it can be recognised and use by everyone just the way fiat is used. This will make bitcoin value to increase due to its volatile nature and the price is been controlled by demand and supply. Bitcoin is limited in number as we all know that we only have 21million bitcoin.
I have been wondering as a newbie with little knowledge on bitcoin that how is it possible for everyone in the world to own some fraction of bitcoin with the limited number just like the way everyone is using fiat. Is it that these 21million bitcoin will be enought to serve the world with a total population of 8.1 billion because I know that we have whales who will buy a huge amount of bitcoin and just store it in their wallet without using it,just the way the rich men and politicians keep so much funds in their account or at home without spending it. I also notice that one country can't print the currency that the whole world is using but various countries printed their own currency. Another thing that I noticed so many investors prefer to holdli their bitcoin which might make it not sufficient for everyone.
My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?
I think that soon each of the young population of the countries will have a cryptocurrency on their wallet. Why do I write specifically about young people? Because each generation is adopting technologies faster and faster, and the old generation, unfortunately, thinks only in its own categories, and their thinking is very difficult to change. When I told my father about cryptocurrency, he was very skeptical. And he's not even retired yet.
I can understand him, because he has seen a lot in his life, various deceptive schemes, and why would he believe in bitcoin, especially when the scheme of cryptocurrencies and blockchain is not very easy to understand.
Nevertheless, generations are changing, and when we get older, and young people will replace us, and most of them will definitely have a crypto currency. Not necessarily Bitcoin.