Ellen DeGeneres explains bitcoin: 'You'll either be a millionaire or you'll be totally broke'

You know that moment when you're all talking about bitcoin but nobody really understands it? Well, TV host Ellen DeGeneres summed up that feeling perfectly Thursday. The comedian took it upon herself to explain to her audience what the cryptocurrency actually is. "Everybody is talking about bitcoin, …
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If every millionaire wanted 1 BTC, they couldn’t have one.

According to this study, http://publications.credit-suisse.com/tasks/render/file/index.cfm?fileid=168E2808-9ED4-5A5E-19E43EA2A731A4ED

there are 35.9 million USD millionaires in the world. With 21 million BTC max in existence, they could each only have at most 0.585 BTC (even less if 2-4 million BTC is lost forever.) And that's if no governments, banks, or other corporations wanted any.

Think about that. They couldn't each have one. It doesn't matter how rich those people are. How many millionaires are you preventing from owning a whole BTC?

buy and HODL

submitted by /u/nsoniat
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Bitcoin – The Currency of the Internet

Teen Bitcoin Millionaire Erik Finman Dishes Investment Tips

Teen bitcoin millionaire Erik Finman says Millennials who are curious about investing in cryptocurrencies could dip their toe in the crypto pond by investing $ 1,000. After all, that strategy transformed the 19-year-old high school dropout into a millionaire. Many people are understandably leery of …
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How a self-made millionaire who would never buy bitcoin ended up with $2 million worth of it

The self-made millionaire prefers to invest in sure things, which is why he would never buy a volatile asset like cryptocurrency. All the same, he has accumulated a lot of it. "I own some bitcoin," says Cardone, "but it's funny how I got it. I was paid for a speaking gig in bitcoin." That was back when the …
Google Alert – bitcoin