What if Elon Musk decided to buy all the available Bitcoin? 🚀
I imagined a theoretical scenario based on current figures, and the results are mind-blowing:
Elon Musk's wealth: estimated at around 1.2 trillion dollars.
Bitcoin scarcity: the max supply is capped at 21 million coins forever.
Digital reality: there are currently about 20 million Bitcoins, 4 million of which are believed to be lost forever.
The outcome: practically, only 16 million coins are left available for trading.
If one person (like Musk) attempted to buy this market, he could theoretically own over 76% of all the Bitcoin that will ever be available in history!
This is just "simple math" showing us why many describe Bitcoin as "digital gold".
My question to you: If the available supply is limited like this, how high do you expect the price of Bitcoin to reach in the coming years? Share your predictions in the comments! 👇
⚠️ Disclaimer: This content is a thought and mathematical exercise for educational and entertainment purposes only, and is not financial advice. Digital markets are extremely volatile, so make sure to do your own research (DYOR).
I imagined a theoretical scenario based on current figures, and the results are mind-blowing:
Elon Musk's wealth: estimated at around 1.2 trillion dollars.
Bitcoin scarcity: the max supply is capped at 21 million coins forever.
Digital reality: there are currently about 20 million Bitcoins, 4 million of which are believed to be lost forever.
The outcome: practically, only 16 million coins are left available for trading.
If one person (like Musk) attempted to buy this market, he could theoretically own over 76% of all the Bitcoin that will ever be available in history!
This is just "simple math" showing us why many describe Bitcoin as "digital gold".
My question to you: If the available supply is limited like this, how high do you expect the price of Bitcoin to reach in the coming years? Share your predictions in the comments! 👇
⚠️ Disclaimer: This content is a thought and mathematical exercise for educational and entertainment purposes only, and is not financial advice. Digital markets are extremely volatile, so make sure to do your own research (DYOR).