Everyone in the crypto and the traditional finance space are fixated on the bitcoin price action in Fiat terms and whole bitcoins.
When you map the 3.2 Billion individuals with access to internet vs. 35 Million total number of bitcoin wallets (including the ones with zero BTC and dormant) ever created, you can quickly see that we are at 1/10th of 1% of users who have touched a wallet. That’s 10 folds away from 1%.
What happens when we reach 1%? 5%? What if 10% of internet users touch bitcoin in one form or the other?
As blockchain continues to penetrate the mass consciousness - it may not be too long before it becomes regular part of it our daily lives. The biggest beneficiary of the blockchain adoption is bitcoin because it is the strongest and largest network out there, one that continues to become stronger and established by the day.
When the user base grows by 50x, we will no longer have enough bitcoin for people to own in full. This situation may occur in next 5-10 years, and when that happens, we would start owning micro BTCs (mBTC).
In olden days, people owned gold in greater quantity but as it became more and more scarce - we started owning it in grams instead. micro BTC will be the equivalent to the grams measurement of gold. Even a little bit is precious.
Of course this is a speculation, however, there is a probability that this plays itself out in the coming decade and we truly look at owning a whole BTC differently than how we view it today.
WHAT DO YOU THINK?
RK Reddy
CryptoTapas.com
