A recent analysis identifies a significant mismatch in Bitcoin availability compared to the number of millionaires worldwide. While Bitcoin's total supply is capped at 21 million, the global count of millionaires has reached 58 million.
Global Millionaires and Bitcoin Deficit
According to the latest analysis, there are only 21 million Bitcoins available for 58 million millionaires, resulting in a shortfall of 37 million coins. This indicates that if every millionaire wanted to own just one Bitcoin, 37 million of them would be unable to do so.
Exclusivity of Bitcoin Ownership
Currently, only 1 million Bitcoin addresses hold one or more Bitcoins, representing about 0.0125% of the global population. Since 2016, when Bitcoin's price was $400-500, ownership has become more exclusive. At today's price of nearly $100,000, a full Bitcoin is beyond the reach of many investors, especially younger generations, whose average savings don't even cover one-fifth of the needed amount.
Implications for Future Wealth Distribution
The limited supply creates a unique dynamic in wealth distribution. While the number of millionaires can increase indefinitely through currency creation and inflation, the total number of Bitcoins remains fixed at 21 million. This emphasizes the relevance of Bitcoin's mathematical scarcity: fewer than 0.0003% of the world's 8 billion people can own a full Bitcoin. The actual distribution may be even more concentrated than current data suggests, as individuals and organizations can control multiple addresses.
As Bitcoin supply remains limited and the number of millionaires grows, a unique wealth distribution dynamic emerges, making Bitcoin ownership increasingly privileged.
