{"id":401224,"date":"2019-10-12T07:30:41","date_gmt":"2019-10-12T07:30:41","guid":{"rendered":"https:\/\/wncen.com\/?p=401224"},"modified":"2019-10-12T07:22:08","modified_gmt":"2019-10-12T07:22:08","slug":"with-only-12000-bitcoin-millionaires-what-is-the-potential-to-be-one","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/with-only-12000-bitcoin-millionaires-what-is-the-potential-to-be-one\/","title":{"rendered":"With Only 12,000 Bitcoin Millionaires, What is The Potential to Be One?"},"content":{"rendered":"
Bitcoin is many things to many different people. For some it is a store of wealth, for others it is a hedge against local economic oppression, but for many it is a vehicle to make money. With only 12,000 Bitcoin millionaires in the world it still shows great potential and opportunities to join that elite crowd are still abound.<\/p>\n
Considering that BTC is only ten years old it has come a long way. Outperforming pretty much every other traditional asset class by a significant margin, Bitcoin has the potential to become a global currency.<\/p>\n
At the moment regulatory pressure, extreme volatility, and lack of adoption is holding it back but over time these factors are likely to stabilize as the world accepts this new technology. Analyst Willy Woo has been looking at the charts again and found one of Bitcoin millionaires over time. He posed the scenario of that number vastly increasing should BTC become the new currency.<\/p>\n
\u201cHere’s the chart for the number of Bitcoin Millionaires over time, around 12,000 right now. There’s 36m Millionaires on this planet, it’s still early days if you believe BTC will be the new currency.\u201d<\/p><\/blockquote>\n
\nHere's the chart for the number of Bitcoin Millionaires over time*, around 12,000 right now.<\/p>\n
There's 36m Millionaires on this planet, it's still early days if you believe BTC will be the new currency.<\/p>\n
*gross approximation, uses balance in unique addresses<\/p>\n
Data by @coinmetrics<\/a> pic.twitter.com\/MMD3J4BETE<\/a><\/p>\n
— Willy Woo (@woonomic) October 11, 2019<\/a><\/p><\/blockquote>\n