Oddbean new post about | logout
 There will only ever be 21 million #Bitcoin

Less than 3/1,000 people can simultaneously hold 1 Bitcoin

But we know for a fact that some individuals hold hundreds, or even thousands, of Bitcoin

So the real number is probably much lower - around 1/10,000

So, at most, around 800,000 people in the entire world can hold 1 BTC 🤯🤯

There are 60 million millionaires

More than 3,000 billionaires

Do you think these people will settle for 1 Bitcoin?

No

They'll buy as much as they can, pump the price, and leave retail investors who are ignoring Bitcoin today with next to nothing

In 20-30 years, owning 100,000 Satoshis will be a BIG deal

All the other millionaires will follow and they will sell everything they can to be a part of the 800,000

Most people think linearly, so they're not bullish enough

And it's not their fault...

The average person can't wrap their head around exponential growth 
 These post are somewhat reassuring that my bag is going to be enough. 

I stack everyday but worry I’m too late and the amount I stack won’t be anything of meaning. 🤷🏼 Like I am racing to jump on a train pulling out of the station. I see it and am running as fast as I can to jump on that ride but the train keeps moving faster and faster. I’m realize each time the price pumps, I won’t make that train. Starting to feel the dread of being left behind. 

🤦🏽 I sounds like I need therapy, sorry for the unsolicited couch session. 
 Why so bearish ? 
 not necessarily.