I don't know about you, but I remember hearing the following phrase in one of those crypto videos online: "You don't need to own 1 BTC, just 0.1". At the time I didn't understand the reason for it, but today, with the rise of Bitcoin, this phrase is starting to make sense. The idea stems from the scarcity of Bitcoin, based on the premise that in the near future all the millionaires in the world will seek to have a portion of their assets in BTC, which would cause the price of this cryptocurrency to rise even further to the point that just one fraction would already be a high monetary value.
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What is Bitcoin?
Bitcoin began with the idea of being a way to conduct digital transactions between two points. This function is still possible, but today it has begun to be considered similar to digital gold, with the advantage of being transportable with greater ease, speed, and security. Could a fraction of 0.1 BTC make a difference in someone's life in the future?
Why own 0.1 BTC?
First of all, the goal is not to cause any kind of FOMO (Fear of Missing Out) because the idea of having 0.1 BTC is still attainable for many people with the necessary effort. I say this so that you don't despair or anything like that. Even more so with this recent drop that made BTC fall from $120k to around $85k, it has become even simpler.
But going back to the main point, that initial hypothesis that scarcity would lead to a massive price increase, where some believe it's possible to hit $1 million, which would make 0.1 BTC worth $100,000, while others believe it could go even further, making 0.1 BTC something capable of transforming lives in that scenario. Considering a single unit reaching 10 million, that fraction would already be $1 million, which is why there's still a long way to go.
The question to be analyzed is whether this future is approaching or not, and the answer will be yours. Countries are starting to make strategic reserves in BTC, portfolios are beginning to have a small percentage in BTC, cryptocurrency ETFs are being listed, and legislation is being changed. All of this indicates that the search for this "digital gold" is increasing, and since BTC has a finite limit of 21 million units, there will come a time when there won't be enough for everyone if 21 million out of 8 billion people want to own BTC, causing them to start buying fractional amounts.
There's also the factor that people lose access to their wallets, which makes this theoretical limit of 21 million actually much smaller, because not everything is available for trading. And we also have to consider the issue of BTC becoming more widely used in everyday life, generating demand for commerce.
