21 Million Bitcoin Club

Here we look at what it takes to join the exclusive 21 Million Bitcoin Club - 'Owning at least 1 Bitcoin'

How Much Will It Cost

At the present value of Bitcoin, it will cost $19,128 to hold 1 BTC.  The $ figure will go up and down all the time, but you are looking at some serious outlay to get your hands on 1 BTC.

So how do we go about getting 1 BTC, firstly not everyone on the planet can have 1 BTC there are 7.8 Billon people on the planet(https://en.wikipedia.org/wiki/World_population).  If everyone owned a equal amount of Bitcoin that would mean each person only had 0.002 BTC which is equal to $38 so heading over to Coinbase or Binance and buying 0.003 BTC (~$57) already gives you an advantage over everyone else on the planet and reduces the amount everybody else can buy.  Remember, there will never be more than 21 million BTC.

Lost Bitcoin

Which leads us to lost Bitcoin

We have all lost something in our lives whether it be our wallet, keys, phone etc.  It is so easy to lose stuff and Bitcoin is no exception.  The amount of Bitcoin lost to failed hard drives, lost passwords, or simply throwing away old computers is unknown.  The lost Bitcoin will sit on the Bitcoin ledger never to be spent again.  Here we have an example where 28,000 BTC will never to be spent again.

https://www.blockchain.com/btc/address/12tkqA9xSoowkzoERHMWNKsTey55YEBqkv

Conclusion

By owning even a small amount of Bitcoin you can be one up on everybody else on the planet.

Whether your goal is to join the 21 Million Bitcoin club or simply stack satoshis (100,000,000 satoshis = 1 BTC) by buying any amount of Bitcoin you are reducing the available amount of Bitcoin for everybody else and contributing to the success of the project.