The limited amount of Bitcoin will be nearly depleted in ten years, meaning owners may only need 0.01 BTC to become extremely wealthy. Let's calculate how many Bitcoin should you hold to be a millionaire.
The Bitcoin Club
Those who own one or more bitcoins are referred to as members of the "21 Million Club" on Reddit. There will only ever be 21 million Bitcoins in circulation, hence the name. Admission to this club is rather simple. A person would need to own 21 BTCs to join the "1 Million Club," a more exclusive group. There will only ever be 1 million persons who own 21 Bitcoins, hence the club's name.
The requirements to join these clubs are clearly stated and unambiguous: one must either own a full BTC or 21 BTCs in order to complete the task.
The creator of Swiss Key, Kyle Kemper, created a formula that determines how much Bitcoin one has to own in relation to the value of the world's wealth and the rise of Bitcoin over time. According to Kemper's formula, a person needs to own a total of 0.06624605 BTC in order to guarantee wealth worth $1 million.
The entire supply of bitcoins is 21 million.
The total penetration of Bitcoin is therefore equal to $317 trillion in global wealth.
B-WIT is equal to (1 million/317 trillion) times 21 million.
B-WIT equals 0.06624605 BTC.
To sum up, purchasing 0.01 BTC now can guarantee a top 13% holder position for about $500 at the current exchange rate. Being among the top 13% of Bitcoin holders shares the same exclusivity as being a millionaire in fiat currency when comparing the proportional wealth concentration of the fiat and bitcoin markets. So, this is how many Bitcoins we need to hold to be a millionaire.
