Former Google Steve Lee “Bit coin is still in its early stages, only 1% of the world’s population can possess 0.28 BTC in the future”

Steve Lee, former Google product director Tweet said, “If you own 0.28 BTC, you can enter as little as 1% you can own the world’s bit coins in the future” on their twitter.

 If you own 0.28 BTC it will be only 1% you can own the bit coin of the world population. A modest investment of $ 1,830 can be 1% of the future bit coin world.

[bs-quote quote=”He says that only a 1% of the world population can possess bit coins in the future due to the limited supply of bit coins.” style=”default” align=”center”][/bs-quote]

The upper limit of bit coin issuance is fixed at 21 million BTC. However, it is said that up to 4 million BTC can not be accessed already due to theft or the loss of Wallet . Moreover, this number will continue to increase in future.

The number 0.28 BTC referred to by Mr. Lee is derived from dividing the bit coin supply of 21 million by 0.28 and dividing the result by the world population 7,442 million to be 1%. Also, if 4 to 6 million BTCs are already lost, the bit coin supply will be 16 to 17 million. If it is about 17 million BTC, only 0.8% of the world population can own 0.28 BTC, and less than 0.2% of the world population can own 1 BTC.

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Given the limited supply of bit coins and the increased value, in the next few years the value of 0.2% will decline sharply.


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