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RE: How Many People Will Ever Get To Own A Single BitCoin?
The estimates I have seen say that there are about 20 million people who own some bitcoin (usually just a few dollars worth) and that less than 5% of those participating own over 95% of the Bitcoins which means that there are likely only 1 million people who own more than 1 Bitcoin.
That's one of main reasons why I think there will be many different cryptos competing for the trillion dollar market caps in the future. Many people feel like they already missed out even though Crypto its still in the early adopters stage. The price of BTC will seem to expensive for most. They will buy it but they'll also flock into the top ALTs they feel are cheaper and have better performance/features built in. Its the interface moment that will bring the masses into it and propel it into the mainstream. These apps I am talking about will start hitting the markets next year with full main net releases. Your avg. crypto user today is a totally different type of person than that of the mass crypto user in the future. They don't care about decentralized. They want convenience first. The crypto currencies and dapps that make it look and feel like its all just a seemless data base will boom into massive mainstream adoption while maintaining full decentralization and massive scalability. Its going to be a totally different landscape this time next year. There's going to be massive competition, 1000's of blockchains and millions of tokens coming into the market with all sorts of innovations. The best crypto is still probably not invented yet. The evolution of the blockchain will be incredible indeed.
Nonsense. There is value in exclusivity. If there were 1,000 different types of Gold, it wouldn't trade at $1300 an ounce. 1000's of crypto's mean none have value.
Well its already happening and the value is increasing. Millions of tokens and currencies will likely exist with a lot of specializations and community governance.
I agree!
You may have 1000's of STM's just here on Steem alone. I imagine a world soon to have community currencies. If you wanna be apart of that economic area you'll need their local token.
Ty for the info!