Why You Should Own at Least 0.0025 Bitcoin

And why time is running out to get it

Jason Deane
The Startup
Published in
9 min readFeb 7, 2020

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Image by MichaelWuensch from Pixabay

As I started to write this article this morning at 10 am GMT on Thursday 6th February 2020, there were estimated to be 7,762,571,088 people on the planet according to worldmeters.com, an indicator universally recognized as the most accurate currently available.

By the time you read this, this number will have increased markedly.

Yet, it is still possible for every single one of these souls to own a whole US Dollar — our agreed global reserve currency — and still have trillions of them leftover.

In fact, bringing up the US debt ticker next to the population ticker in your browser reveals a staggering truth — US Dollars are being printed at a much faster rate than the human population is expanding and by an enormous margin.

In fact, this applies to every single currency on the planet, not just dollars.

Except, that is, for Bitcoin.

The ‘simple’ maths

It is not possible for every human on the planet to own a single Bitcoin. In fact, it never was. There will only ever be 21,000,000 produced between its creation in 2009 and the end of the mining cycle in 2140. As of today’s date and time, 18,203,000 Bitcoin have been mined, some 86.681% of the total. The remaining 2,797,000 will become exponentially more difficult to produce over the next 120 years.

At the simplest level, working with those two numbers (current population vs current Bitcoin available) we can deduce that to spread Bitcoin equally across everyone on the planet, each person would get 0.00234497 Bitcoin. Or to put it another way, 234,497 Satoshi.

Just like we use cents for partial amounts of dollars, we use Satoshis for partial amounts of Bitcoin. In the future, the reality is that most of us will only ever deal in Satoshi and only a very select or very wealthy few will ever deal in Bitcoin, their value will simply be too high.

To buy that amount at today’s price, approximately $9631 per Bitcoin at the time of writing, would cost you $22.58. In other words, just $23 spent (allowing for a couple of extra Satoshi to make sure) today would guarantee that you would have…

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Jason Deane
The Startup

I blog on things I am passionate about: Bitcoin, writing, money, life’s crazy turns and being a dad. Lover of learning, family and cheese. (jasondeane@msn.com)