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URL:https://www.learndesk.us/class/6354560996081664/lesson/d54f37088033ead53ddfbbc046a03597?ref=outlook-calendar
SUMMARY:Analyzing Bitcoin’s Demand
DTSTART;TZID=America/Los_Angeles:20260430T190000
DTEND;TZID=America/Los_Angeles:20260430T200000
LOCATION:https://www.learndesk.us/class/6354560996081664/lesson/d54f37088033ead53ddfbbc046a03597?ref=outlook-calendar
DESCRIPTION: Now that you have a better understanding of the supply side of Bitcoin, let’s now look at the demand side: there will soon be 8 billion people living on this planet and there are 15 million Bitcoin in circulation… this means that only 0.2% of the population could own one full Bitcoin. Of course, many more could own fractions of Bitcoins, but this already puts things into perspective. This being said, at its current price of roughly $20,000, owning a full Bitcoin is already out of reach for a lot of people.
But let’s imagine that all USD millionaires in the world, for whom $20,000 is not such a proportionately large amount of money to invest, decide to buy just one Bitcoin each. Well, there is an estimated 60 million USD millionaires in the world. This means that only 25% of them would be able to own one Bitcoin. Imagine what would happen to the price of Bitcoin if 30% of the global millionaires decided they want to own 1 Bitcoin. And this does not even consider...

https://www.learndesk.us/class/6354560996081664/lesson/d54f37088033ead53ddfbbc046a03597?ref=outlook-calendar
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