I've been asked this question a few times:
If there's a limited supply of #Bitcoin, how is everybody going to get access to it?
The total supply of BTC will max out at 21,000,000.
~20,000,000 BTC have already been issued.
1,000,000 BTC are going to be issued over the next 115 years.
Each BTC can be split into multiple units called, like dollars and cents.
1 BTC can be split into 100,000,000 Satoshis, meaning there will only ever be a maximum of 2,100,000,000,000,000 Satoshis (2.1 quadrillion).
1 Bitcoin has a market price of 77,000 US dollars.
1 Satoshi is currently worth a fraction of a penny; you can buy ~1,200 Satoshis with 1 USD.
If you divide the total number of Satoshis by the total population on earth, you would get ~262,500 Satoshis or 0.002625 BTC per person...
Keep in mind that:
- Some people already own a lot more than 0.002625 Bitcoin
- There are others who own a lot less or none at all
- Some coins have been lost
- Some people will never sell their coins, and will instead use their BTC as collateral to borrow
ANYONE can participate with any amount of money, but not everyone will get the same amount of BTC.
You can buy Bitcoin in almost any currency:
- 1 Nigerian Naira = ~0.83 satoshis
- 1 Thai Baht = ~38 Satoshis
- 1 Turkish Lira = ~27 Satoshis
This shows that even some of the weakest currencies can be exchanged for the most powerful form of property ever discovered.
Bitcoin will be distributed based on how early you are to join the economy.
Today, 262,500 Satoshis costs UNDER 220 USD, and it's possible to buy slowly over time if you don't have $220 upfront.
Over time this will get more expensive.
Just to show the numbers with some different currencies, 262,500 Satoshis would cost:
- 307,160 Naira
- 20,326 Indian Rupees
- 6,926 Thai Baht
- 9,605 Turkish Lira
- 298.61 Canadian Dollars
- 160.34 Pound sterling
Keep in mind that this money is almost like insurance on the legacy financial system's future.
If the legacy financial system fails, this could be all the wealth you need to survive for a very long time.
#Bitcoin is politically neutral money for a political world.
The current financial system punishes you for having certain views.
Think about how many people have gotten their accounts frozen, their content demonetized, or were deplatformed because of what they said.
I'm not going to mention specific incidents, but the fact that countries can steal your money and destroy your livelihood for saying something politically incorrect is ridiculous.
Bitcoin doesn't care about your age, gender, sexual preference, race, nationality, etc.
If you create value or want to sell something of value, you can sell it for Bitcoin.
People in developing countries without a stable banking system are figuring this out, because they already had their money stolen by corrupt governments.
