If the Bitcoin price rises to over $1M, that would give ~100k bitcoiners “Ultra High Net Worth Individual” status (+$50M). With worldwide UHNWIs projected at only ~200k by 2022, this means the Bitcoin 1% could by then make up 30-50% of the world’s financial elites.

If the Bitcoin price rises to over $  1M, that would give ~100k bitcoiners "Ultra High Net Worth Individual" status (+$  50M). With worldwide UHNWIs projected at only ~200k by 2022, this means the Bitcoin 1% could by then make up 30-50% of the world's financial elites. submitted by /u/Bitcoin_21
[link] [comments]

Bitcoin – The Currency of the Internet

Bitcoin and ethereum are still drops in the ocean of financial markets

Economists have quite a strict definition of what can be labelled “money” or “currency”. It must combine four attributes – it must be a medium of exchange, it should serve as a unit of account, it has to be able to store value and it must be legal tender. At the moment, bitcoin and other cryptocurrencies meet …
Google Alert – bitcoin