Ninjastic
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Re: Why is Bitcoin hard for people to understand?
by
CryptoHeadlineNews
on 21/09/2025, 07:45:19 UTC
Quote from: Danica22 on Today at 05:24:42 AM
Quote from: CryptoHeadlineNews on September 20, 2025, 08:15:07 PM
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

         

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.
Yes, I never doubted that the total amount of gold mined isn't 205,000 tonnes, but what I was making emphasis was actually the total number of people who owns Bitcoin in the world, be it either in the form of jewelry, gold bar or ETFs to be over 1% of the world's population. Which is approximately over 82million to 100million people globally. Because despite the fact that India is known to have the highest number of gold users, and it's women alone to own over 28,000 tonnes, far higher than the gold reserve of US, Germany, France, Italy and Russia combined together. And yet, it still can't be every individual in India who owns gold, out of over 1.4 billion of it's population.