2342: $2 Million Bitcoin Accelerates - Why 99.6% of the World Still Owns Almost None

**Justin Verrengia** (0:00)
The Bitcoin you own today could be worth $2 million per coin, and after you see these numbers, that prediction might actually look conservative, because there's something happening with Bitcoin ownership that almost nobody fully comprehends. And once you see how extreme the numbers already are, you'll understand why $2 million Bitcoin isn't as crazy as it sounds. Check it out. Bitcoin is the greatest monetary land grab in human history, and 99.6% of the world has basically nothing. Not one Bitcoin, not a half a Bitcoin, not even 0.01 Bitcoin. 96.3% of humanity owns zero.
Meanwhile, an estimated 825,000 people own one Bitcoin or more. But here's where the numbers get absolutely insane. Own 10 Bitcoin, you're among roughly 75,000 people.
100 Bitcoin, roughly 8,000. 1,000 Bitcoin, only roughly 800 people in the world. There are billions of people on the planet and meaningful Bitcoin ownership is already this ridiculously rare. Corporations, Wall Street, sovereign wealth funds and entire nations are already competing for the same fixed 21 million coins. Of course, they can print more dollars, they can print more bonds, they can create more shares. They cannot print another Bitcoin. And 99.6% of humanity still hasn't meaningfully entered the game. Now we do the math on what happens when they do. That is where this gets absolutely freaking insane. Because Bitcoin doesn't need 8 billion people to suddenly become Bitcoiners. It only needs a fraction of them to start competing for an asset that was scarce before they arrived. Imagine just 100 million people deciding they want one Bitcoin. Impossible, there will never be enough. Even 0.1 Bitcoin for 100 million people would require 10 million Bitcoin. And these coins aren't sitting around waiting for them. They're already owned, they're already being accumulated. An estimated 3-4 million coins are permanently lost. That's the part most people still don't understand. Bitcoin's future buyers are not competing against 21 million available coins. They're competing against each other for whatever existing holders are actually willing to sell.
And the Bitcoin holders they're competing against don't want to sell. So what happens when another 10 million people want meaningful exposure or another 100 million? Or when governments decide Bitcoin belongs on sovereign balance sheets? The protocol doesn't care. Bitcoin doesn't increase production because demand explodes. There is no CEO who can issue another 100 million coins. There is no central bank that can provide liquidity. There is no emergency meeting where someone votes to increase the supply.
Every 10 minutes, the network keeps doing exactly what it was designed to do. And roughly every four years, the amount of new Bitcoin entering the market gets cut in half. Meanwhile, the fiat system works in the exact opposite direction. More debt, more currency, more monetary expansion, more fiat currency chasing the hardest monetary asset humanity has ever discovered. This is why thinking about Bitcoin purely in dollar terms misses the entire picture. People hear $100,000 Bitcoin and think, expensive, $250,000 sounds ridiculous, $500,000 just sounds impossible, $100 million sounds insane, $2 million sounds like fantasy, but flip the equation around. What happens to the price when millions of new buyers discover there simply aren't enough coins available at the old price? The answer isn't complicated. The price moves higher until somebody finally agrees to sell, then higher again and again. That's price discovery inside an absolute scarce monetary network. Eventually, owning just one Bitcoin won't feel normal. It'll feel absurd. 0.1 Bitcoin will become serious wealth, and 0.01 Bitcoin will become something millions wish they accumulated when they had the chance. And future generations will look back at an era where ordinary people can still exchange rapidly depreciating fiat currency for meaningful amounts of Bitcoin and wonder how the hell anyone passed on the opportunity. The greatest wealth transfer isn't coming. It's already happening. The craziest part, 99.6% of humanity still basically owns none. And that's the part most people are missing. Bitcoin doesn't need everyone to become a Bitcoiner. It only needs enough new buyers chasing coins that holders refuse to give up. And when that happens, the market has only one way to find those sellers, higher prices. So now, let's take a look at just how far this scarcity could actually take Bitcoin. We're going to take a look at this infographic that puts Bitcoin ownership numbers I just shared truly into perspective. Everything I just outlined, there's only roughly 825,000 human beings on the planet who are whole coiners right now. And if you're blessed enough to own, let's say, 10 to 100 Bitcoin, there's only 75,000. 100 to 1000 Bitcoin, there's only 8,000.
Between 1000 and 10,000, there's only 800
Today's episode is brought to you by Surfshark. If you protect your Bitcoin, your passwords and your financial accounts, you should also be thinking about how you protect the connection you use to access them, especially when you're traveling or connecting to public Wi-Fi.