And secondly, I just made a research and found out that the current World population of the total number of people that owns Bitcoin is 1.2% (i.e 106million people), far higher that the total world population of people that owns gold in the world, which is lesser than 1%, as it can be seen in the image below.
Hence, it's funny when I still hear people say Bitcoin is hard to understand, when we already have over 106 million people who uses it daily for transaction
Hence, it's funny when I still hear people say Bitcoin is hard to understand, when we already have over 106 million people who uses it daily for transaction
I don't know the accuracy of your research but as far as I know the total amount of gold mined is 205,000 tonnes. Of this, more than 50% of the total supply is held in the form of jewelry, 20% is in national reserves, 20% is held by ETFs, and 10% is used in industries.
In my country, the population is more than 100 million people, in which each family has an average of 3-7 members. But there are 2-4 people who own gold in the form of jewelry. Or India is considered to be the largest consumer of gold in the world and almost every woman owns gold in the form of jewelry. So the claim that only 1% of the world's population holds gold sounds absurd and unrealistic.