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14752679 No.14752679 [Reply] [Original]

Let's assume that someday BTC reaches 5% global wealth (for reference, gold is somewhere around 2.5%). Then, look at the global distribution of wealth.

Suicide Tier: < $10k
This represents 3% of wealth, and 71% of people.
21m * 3% = 630,000 BTC
7.53b * 71% = 5,346,300,000 people
On average 0.00011784 BTC per person if BTC was 100% of global wealth
Factoring in target of just 5% of global wealth:
>0.00235677 BTC or less, might as well end it

Wagecuck Lifer Tier: $10k - $100k
This represents 12.5% of wealth, and 21% of people.
Go through the same calculations as above.
>0.03320053 BTC and you'll only have to work until you're 65

Comfortable Wagie Tier: $100k - $1m
This represents 39.4% of wealth, and 7.4% of people.
>0.29697427 BTC for a content, middle-class working life

Hookers & Blow Tier: $1m - $5m
This represents 26.6% of wealth, and 0.63% of people
>2.4 BTC and you're in a good place. Still need to work, but you can probably retire in 10 years, or blow it all in Phuket

Truly Made It Tier: $5m - $1b
This represents 15.8% of wealth, and 0.069965% of people
>12.6 BTC or more and you will officially make it. Enough to be a NEET for the rest of your life

Ascended Tier: > $1b
This represents 2.8% of wealth, and 0.000035% of people
>4462 BTC to challenge the gods

There are of course circumstances which could sway these numbers higher or lower. For example 5% of global wealth is very optimistic. But on the other hand it's estimated that 4 million BTC are lost forever, increasing scarcity.

>> No.14752684

>>14752679
Also for each of these tiers the "BTC per person" is really just an average. For example in the inequality pyramid the bottom 71% people are worth 3% of the global wealth, but that doesn't mean that the wealth is distributed evenly in that tier. You could break each tier up into its own sections that are just as unequal as the overall pyramid itself. In the 12.6 BTC case that's taking the average wealth for anyone in the $5m-$1b range. In reality there are many more people down at the $5m mark than there are up at the $1b mark. In any case, these tiers are less about the price and more about "if BTC takes over, how much do I need to be a 1%er? What about a 0.1%er?"

That's why I find this more instructive than "what if the price/mc was x?". No matter how it shakes out over the next 5, 10, 20 years, one thing I'm certain that will remain is the fact that 1% of people are worth more than all the rest of the 99% combined. And 0.01% of people are worth more than all the rest of the top 1% combined. And so on.

>> No.14753277
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14753277

>>14752679
>tfw not even in the comfortable wagie tier

>> No.14753315

>>14752679
If bitcoin were to become the global currency, you would have to own 0.25 BTC to be in that top 0.7%, assuming the wealth distribution is consistent with todays.

>> No.14753397

>>14753315
That would be assuming BTC is 100% of all wealth in the world. Obviously that is not going to happen. The calculations in the OP assume it would reach 5%, or roughly twice the total wealth percentage of gold today.

>> No.14753412

>>14752684

0.28 to be a top 1%'er

>> No.14753532
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14753532

>>14753397
Even 5% seems generous desu. And what makes you think bitcoin wouldn't be replaced with something far more efficient and scalable?

>> No.14753588

>>14752679
barely anyone will use bitcoin because of its complexity

majority of people are idiots and have no idea what a wallet is or how to use it or blockchain or SHA-256

>> No.14753618

About 2 million btc are lost forever. Adjust maths.

>> No.14753722
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14753722

>>14753588
barely anyone will use world wide web because of its complexity

majority of people are idiots and have no idea what a browser is or how to use it or modems or TCP/IP

>> No.14753750

>>14753618
I did mention this in the OP, yes. Just multiply the numbers by 19/21=0.9 if you want

>> No.14754475

>>14753722
www isnt complex

>> No.14754491

>>14752679
Just buy 5 BTC work of ETHPlode and sell the 50x into BTC in 2-3 months. Easy milionaire.

>> No.14754518

Theres no reason BTC will be the world store of value. It's a fucking pet project of an anonymous, probably dead, dude. Over 50% of the supply is within 1000 wallets.

>> No.14754627

Too bearish prediction.
Read Luka Magnotta prophecy, BTC $100k EOY.

>> No.14754663
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14754663

There will be a moment where all humanity will move from fiat to crypto. So 90 trillion (current money in the world) / 18 million BTC (let's dont count those that were lost) = purchasing power of 1 BTC -$5 mil today's USD.
Damn, still kinda bearish, I was confident in $1mil per 1 satoshi.

>> No.14754782

>>14754475
Not trying to insult you or anything, but clearly you're not a programmer. Even as far back as the early 90s, the internet was already built on dozens of standards, protocols, data formats, and various types of physical devices like routers, switches, and servers with their own world of complexity as well. Just displaying a simple web page in your browser requires so many things to go right on devices all around the world, and countless lines of code written by the global community to execute correctly on those devices. Of course today, 50 years after the first ARPANET connection, everybody and their grandma doesn't need to worry about any of that. It's all hidden behind layer upon layer of abstraction and idiot-proof interfaces. Cryptocurrency is not at that stage yet, far from it.

>> No.14755036

>>14752679
yeah but how much Monero?

>> No.14755086

>>14754663
this is a retarded statement. IF all assets in tehworld became tokenized or dumped into crypto BTC would have market dominance of like 5% max

>> No.14755634

>>14755086
Doesn't BTC have like 65% dominance right now lol

>> No.14755660

>>14755634
It really makes you question the IQ level of the posters on 4 channel doesn’t it.

>> No.14755690
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14755690

>>14752679

>> No.14755714

>>14752679
Nobody cares about BTC except swingtraders trying to make rent from crypto, The time to make it from BTC is over. I'd be more interested if this was about LINK.

>> No.14755733

btc is dead with link, sorry op