Bitcoin for everyone! OK, but how much?
Bitcoin for everyone! OK, but how much? Bitcoin for everyone! OK, but how much?

How much BTC could each person living on Earth own if an equal share of its supply were applied?

So far, 18 of the 21 million BTC – the ultimate supply limit that Satoshi Nakamoto himself put in the Bitcoin code – has been mined. The calculus is simple – there is only just over 2.2 million BTC left. Moreover, the number of people who know about Bitcoin is less than 10%. This means that 7 billion people still do not know about the existence of the king of cryptocurrencies.

According to mining forecasts, the last bitcoin will not be mined for another 100 years (the last digital coin of its blockchain is expected to see the light of day around 2140). Since most of the BTC in circulation is already in someone’s hands (or has been lost forever), this puts about 7 billion people at a disadvantage when it comes to owning digital assets. But what if the distribution was equal for all people living on the planet? How much BTC would each person receive?

“Equal” for everyone

As we said earlier, 21 million bitcoins are expected to eventually enter circulation. Considering the current world population of 7.8 billion people, this would mean that each person would receive 0.0027 bitcoins. This of course does not take into account the BTC that has already been lost due to forgotten, stolen keys/passwords, or even the death of coin owners. It is already estimated that 20% of the bitcoin supply has been lost forever. Taking this into account would lower the above estimate significantly.

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Cryptocurrencies are often presented by maximalists as a way to solve inequality. However, this inequality still exists in the cryptocurrency world. It’s not just a question of opportunity, but also whether people will be able to take advantage of that opportunity.

Data estimates the number of people in the world with internet access at 4.66 billion. This means that only about 59.5% of the world has access to the internet, which is needed to buy and own bitcoin.

Another interesting point is the number of people in the world with access to a smartphone. Currently, less than p

half the people in the world. So the fact that about half the world hasn’t heard of BTC is probably not the biggest problem. Instead, it seems to be the lack of access to devices with which buying and storing digital coins might be possible at all.

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From the Editor

This article neither in whole nor in part constitutes a “recommendation” within the meaning of the Act of 29 July 2005 on trading in financial instruments or Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014. on market abuse (Market Abuse Regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulations (Ue) 2017/565 of 25 April 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive. Thecontent contained on the website does not meet the requirements for recommendations within the meaning of the aforementioned Act, inter alia, it does not contain a specific valuation of any financial instrument, it is not based on any valuation method, and it does not specify investment risk

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