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โ›“๏ธ Crypto๐ŸŸข Bullish

Michael Saylor on Bitcoin Scarcity: Not Enough BTC for Everyone

U.Today|Tomiwabold Olajide|
๐Ÿค–AI Summary

Michael Saylor highlights a potential Bitcoin scarcity issue, noting that with approximately 60 million millionaires worldwide and only 21 million BTC in total supply, there isn't enough Bitcoin for every millionaire to own even one full coin. This mathematical reality underscores Bitcoin's fundamental scarcity proposition.

Key Takeaways
  • โ†’There are roughly 60 million millionaires globally but only 21 million Bitcoin will ever exist.
  • โ†’The math shows there isn't enough Bitcoin for every millionaire to own one full coin.
  • โ†’This scarcity dynamic reinforces Bitcoin's value proposition as a limited supply asset.
  • โ†’Michael Saylor continues to emphasize Bitcoin's scarcity as a key investment thesis.
  • โ†’The millionaire-to-Bitcoin ratio highlights the potential for increased demand pressure.
Mentioned Tokens
$BTC$70,927โ–ผ-2.7%
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