Do you own a complete Single Bitcoin? (ONE?) Odds are you never will!
Did you know there are only 2,800,000 Bitcoins left to be produced, for the rest of Eternity! Today nearly 7.4 Billion people have ZERO Bitcoins.
If you own more than 1 Bitcoin you are in the top 1% of the world’s population who can ever hold/own a complete single Bitcoin.
Which means there is ONLY 15% of the remaining Bitcoins to be produced that can be purchased by the rest of the world. With 7.5 Billion people on the planet and most do not own ANY type of Bitcoins…
It is estimated that only 2% of the entire world has even invested in Bitcoin.
Are you one of them?
If not, the price you’re seeing today (roughly $10,000 a Bitcoin) may be very cheap compared to where the price of Bitcoin could go and here is why…
Over the next 120 years only 3,115,000 Bitcoins will be released, for a total production of just 21 million Bitcoins.
These Bitcoins are created by a process known as mining. Bitcoins are released into the Bitcoin eco system by computers who mine the Bitcoin Blocks by solving a complicated mathematics formula called a hash, which sounds far easier than it is. Millions upon millions of computers are rushing to solve this complex math problem and the computer that gets the complex formula solved earns the Bitcoin reward of 12.5 Bitcoins for that Bitcoin block for that 10 minute period.
So, these computers in 2019, earn 12.5 per Bitcoin block, or roughly get Bitcoins every 10 minutes. Come next May (2020) that number of produced Bitcoins will be cut in half to 6.25 Bitcoins per block, for the next 4 years, after which the production of Bitcoins will be cut in half, ever 4 years and so on and so. So going forward owning a single Bitcoin could become a huge task.
This formula of how many Bitcoins are earned is hard coded into the original software that was released in 2009 which NO ONE can alter change or modify.
The scarcity of Bitcoins continues to become even more elusive:
It is estimated nearly 60% of all Bitcoins in circulation today, have not moved or made any type of transaction in nearly 4-5 years, so the odds of those Bitcoins coming onto the market for sale is almost non-existent.
According to many sources nearly 4-5 million of the 21 million Bitcoins, “in circulation” are permanently lost or missing, due to careless owners who did not see the value of their Bitcoins in a manner which would ensure their safety.
A quick story tells how careless some people are with their Bitcoins.
Back in 2013, a Man in Wales, , threw away a laptop containing nearly $7500 worth of Bitcoins. In today’s value, they would be worth $75 million dollars. This laptop now resides in the bottom of a landfill and those Bitcoins are permanently lost forever. Here again driving down the actual numbers of true Bitcoins in circulation. There is no way to recover these Bitcoins without the private key that was stored on that laptop.
So please take special care of your Bitcoins.
The amount of Bitcoins being traded in the open market by some estimates is very small (1-3 million) other estimates estimate the pool of trading Bitcoins might be as high as 4-5 million. Other sources report some very wealthy people are trying to obtain 25% of the entire Bitcoin pool.
With a limited number of Bitcoins and somebody trying to obtain 525,000 Bitcoins…this could blow the price of Bitcoins into the stratosphere if they could obtain them.
Again to reiterate the point:
There will never be any more than 21 million Bitcoins produced. This is hard coded into the software protocol. Nobody can alter this.
Many people have heard of Bitcoins but have never invested in them.
Now there are approximately 7.5 Billion people in the world and since there will only be 21 million Bitcoins…
You do the math, a lot of people will never get a chance to own a complete single (1) Bitcoin.
And over the past 10 years, if you had held Bitcoin for at least 4 years or more you have made money, in some cases a lot of Money, just by holding the Bitcoins!
To learn how to get started today at no charge click here.