JRP

[Rajat Soni, CFA @Rajatsoni]

I've been asked this question a few times:

If there's a limited supply of #Bitcoin   , how is everybody going to get access to it?

There will never be more than 21,000,000 #BTC   .

~19,600,000 BTC have already been issued.

1,400,000 BTC are going to be issued over the next 120 years.

Each BTC can be split into multiple units, like dollars and cents.

1 BTC can be split into 100,000,000 Satoshis, meaning there will only ever be a maximum of 2,100,000,000,000,000 Satoshis (2.1 quadrillion).

1 Bitcoin has a market price of 43,500 US dollars.

1 Satoshi is currently worth a fraction of a penny; you can buy ~2,300 Satoshis with 1 USD.

If you divide the total number of Satoshis by the total population on earth, you would get ~262,500 Satoshis or 0.002625 BTC per person...

Important to consider:

- Some people already own A LOT more than 0.002625 Bitcoin
- Others own a lot less or none at all
- Some coins have been lost
- Some people will never sell their coins, and will instead use their BTC as collateral to borrow

ANYONE can participate with any amount of money, but not everyone will get the same amount of BTC.

You can buy Bitcoin in almost any currency:

- 1 Nigerian Naira = ~3 satoshis
- 1 Thai Baht = ~67 Satoshis
- 1 Turkish Lira = ~79 Satoshis

This shows that even some of the weakest currencies in the world can be exchanged for the most powerful form of property ever discovered.

Bitcoin will be distributed based on how early you are to join the economy.

Today, 262,500 Satoshis cost UNDER 115 USD, and it's possible to buy slowly over time if you don't have $115 upfront.

Over time this will get more expensive. A couple of months ago it cost $90.

Just to show the numbers with some different currencies, 262,500 Satoshis would cost:

- 103,004 Naira
- 9,476 Indian Rupees
- 3,942 Thai Baht
- 3,339 Turkish Lira
- 151 Canadian Dollars
- 90 Pound sterling

You don't need to buy a lot of insurance to protect yourself from a negative event. Bitcoin is insurance on the current financial system.

If the current system fails, this could be all the wealth you need to survive for a very long time.

[ठाकुर बी पी सिंह @Exceleb_Birju]

@theskindoctor13 @IPrabhakarSP @IDF @Israel

[YS Jagan Mohan Reddy @ysjagan]

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