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Bitcoin education, security and adoption.

[Luke Broyles @luke_broyles]

$10,000,000 Bitcoin is early
0.2% adoption is optimistic
50 years of acceleration

Let’s begin 👇

$900 trillion global assets and $2 trillion of Bitcoin at $100k a coin… 0.22% of the globe’s assets.

0.2% of the world’s people is 16,000,000 people.

There are 4,000,000 addresses with over 0.1 BTC and about 2,000,000 hardware wallets sold globally… so probably about 1,000,000 people have at least 0.1 BTC in cold storage.

Based on on-chain data I expect there are less than 250,000 multi-wholecoiners.

250,000 multi-wholecoiners
750,000 between 0.1 and 1.99 BTC
15,000,000 less than 0.1

Most of those 15,000,000 probably have less than $1,000 in exchanges, ETFs, or some other form of paper BTC.

Beyond that maybe you could argue there are another 50,000,000 people that own less than $100 of BTC somewhere… sure, but I wouldn’t call them adopters in the same way I wouldn’t call someone who has only been on the internet thrice an internet adopter.

Given that @saylor has 4.1 million followers, Bitcoin Reddit has 7.7 million followers, and exchange data this all seems directionally correct.

Let us say this is all right… 0.2% global adoption seems reasonable the minus one glaring problem: real life anecdotes.

1) Take your city’s population.

2) Divide it by 500. That is how many people in your city have over $1,000 of Bitcoin.

3) Divide it by 8,000. That is how many people in your city have ever done self custody with over 0.1 BTC.

4) Divide it by 24,000. That is how many self custody multi-wholecoiners in your city.

This math still seems optimistic to me.

Look at a city with 3,000,000 people:
6,000 have BTC
375 self custody
93 multi-wholecoiners

I have been to dozens of Bitcoin meetups, retreats, and conferences… The per capita numbers ALWAYS seem way smaller than this.

(Keep in mind most of these cities have a conference in the first place because presumably these places have a higher per capita adoption than the rest of the world!)

Even more-so the nature of Bitcoin is that it creates new markets. Bitcoin will never reach full market adoption because it’s nature is to expand the free market itself… forever.

This entire discussion and BTC price action is debating if Bitcoin is 1/500th or 1/700th of the way to a checkpoint 10x smaller than the future.

It’s comically early.

People that say Bitcoin is at 1% adoption are living in a delusion that doesn’t exist… No way there are 80,000,000 people chasing self custody Bitcoin. The fiat price and blockspace usage would both be so much higher. I think they are off by somewhere between 30x to 80x fold.

The people that say we have “crossed the chasm” of 2.5% adoption are insane… The internet is only at 65% adoption and you’re telling me Bitcoin is 1/26th of the way there? Go in the real world, absolutely not!

Bitcoin to 1% adoption is probably well over a 30x in nominal price… $3,000,000 per coin.

Bitcoin at 2.5% adoption is probably a long ways away given it would be a 10x in users. Probably well over $10,000,000 nominal per Bitcoin.

The longer you stare at this thing the less you see realized price and the more you see unrealized potential. You are terrifyingly early…

We are 0.2% into bicycle adoption while we are trying to envision a car, most are walking maxis thinking a bicycle is too dangerous, and reality is that nobody is even dreaming of a super-sonic jet.

Time moves 2x faster now.

Time between the bicycle being 30 years old and the super sonic jet: 100 years

2025-2075 will be breakneck acceleration.

[Bob Burnett @boomer_btc]

I've had the pleasure of speaking at @BTCPrague the past two years (and am planning to head there again this year.). The folks in Czech, Slovenia, Slovakia, and the other countries in the area are fabulous Bitcoiners. It's probably the highest concentration of proficient and committed Bitcoiners in the world. I'm not surprised by this move but I am thrilled to see it.

[Lake Satoshi @LakeSatoshi]

🍾

[BitcoinAscent⚡️⚡️ @BitcoinAscent]

El Salvador BTFD'ed.... Did you?
#Bitcoin

[SeedSigner @SeedSigner]

🧡

[Bob Burnett @boomer_btc]

@TheBubbleBubble If the US wants/needs gold in the future, it will always be able to buy it or even mine it. This is a one-time shot to get an appreciable amount of Bitcoin.

[BitcoinAscent⚡️⚡️ @BitcoinAscent]

#Bitcoin just keeps winning!

You're next @Google.

[Bob Burnett @boomer_btc]

@JDVanceNewsX Unless the land was bought illegally then no, I don’t support taking property from anyone. Should we change the law to make property ownership by foreign entities and non-citizens harder, maybe, but that will impact real estate values.

[Roman Martínez🇸🇻⚡️ (chimbera) @romanmartinezc]

Welcoming people to @LakeBitcoin 😂🔥

[Jon @prevhashnonce]

🎄Putting up Christmas lights today?

Stack functions by listening to the latest episode of @UGMFPodcast while you work

🎅🏻🧑🏻‍🎄🎄
https://t.co/teecUTeoqI

[Lake Satoshi @LakeSatoshi]

See you next Wednesday 🎉

https://t.co/Jr1xApNhyd

[Hailey Lennon @HaileyLennonBTC]

Our bull market theme song 🎶

Bitcoin • Captain Youth https://t.co/69XQqoupMs

[Stephan Livera @stephanlivera]

Catch the show here:
Spotify: https://t.co/ES3FYRNqi4
YT: https://t.co/9RfNwmy9WJ
Site: https://t.co/6DloZl4xw3

[Ross Ulbricht @RealRossU]

Immense gratitude to everyone who voted for President Trump on my behalf. I trust him to honor his pledge and give me a second chance.

After 11+ years in darkness, I can finally see the light of freedom at the end of the tunnel. Thank you so much, @realDonaldTrump 🙏

[Walker⚡️ @WalkerAmerica]

BRING BACK THE #BITCOIN EMOJI

@elonmusk

[BitcoinAscent⚡️⚡️ @BitcoinAscent]

What's going on with #Bitcoin @PeterZeihan?
When it was 16k you said it would go to -1k.

It is now over 80k, which is FIVE TIMES the 16k price.

What happened Peter?
Will you admit you were wrong or are you just like @PeterSchiff, denying Bitcoin's usefulness and value forever?

[Roman Martínez🇸🇻⚡️ (chimbera) @romanmartinezc]

Come hear from @DrJackKruse , why El Salvador is the best place to Live now 🇸🇻🚀🔥🔥🔥

[SeedSigner @SeedSigner]

Hey grok, generate an image depicting financial freedom and self-sovereignty...

(H/t @BitSpectre for the photo)

[[email protected] @BitcoinOne01]

Carla needs to be on more podcats, she is brilliant!!

[Efrat Fenigson @efenigson]

From Romania to the USA! ✈️ See how Carla's journey shaped her views on freedom and Bitcoin!

Full podcast with @carlabitcoin is out now on all platforms ✅ | @YoureTheVoiceEF