Post
Topic
Board Economics
Re: Distribution of bitcoin wealth by owner
by
rpietila
on 22/04/2014, 13:35:14 UTC

- Number of Bitcoin millionaires at this price ($500) is about 400. This means that only 400 people worldwide can raise a $million by selling bitcoins, but about 30,000,000 people can invest a $million to buy bitcoins (without going into debt).


Remember my friend 30 mil people are fiat Millionaires but most are not liquid, and a $1mil dollar investment into bitcoins without having a $10 mil dollar estate (10%) is quite risky even now.


Similarly none of my friends in the BTC2,000-BTC20,000 range intends to sell bitcoins worth $1M at these prices, so that puts both numbers in the same ballpark Smiley