People love to talk about the 1% in the United States. Globally, most people living in the United States are in the top 20% in the world already and working a six-figure job bumps you up into elite company, globally. But like most everything else, that way of looking at things requires a trip to the moon to see the full picture. Here on the ground in America, the cost of living, eating, and keeping up with the Joneses is a very real struggle. Medicaid and Social Security are being raided. Most families are in a situation where every parent has to work and still cannot afford to save for retirement. Everyone but the top 2% of the world needs to know where their money is and that it is not going anywhere. The Bitcoin market just took a nosedive south. Why would anyone living check to check put what little they can afford to save into Bitcoin?
Simple. Look at the store of value and uses Bitcoin will have going forward. Bitcoin is above $10,000 and has flirted with $20,000 and it is still a very underutilized technology. Anyone buying in now will be able to join the top 5% of the world's wealth in a decade or two. Anyone holding Bitcoin now is part of the maybe 1 percent of the global population holding Bitcoin. Bitcoin has plenty of room for growth. Everyone holding Bitcoin of any real value of just a couple hundred bucks now will likely be rich by 2030 if they hold. It was the same for those who got rich from 2011, 2013, 2015, and 2016 gains. It is practically guaranteed that just holding Bitcoin for a length of time measured in years will make anyone money.
Bitcoin is a thing. By the time global adoption reaches 5%, literally everyone here now will be rich. By the time it reaches over 50% in 10 years, everyone here now will be... well, the 1%... except the no-coiners, shorters, and trolls, of course. While the best advice it to diversify any portfolio, most working-class people can only afford to stick with what they know, which is Bitcoin. Bitcoin is available on the Cash App and Paypal, making it easier. For the masses needed to make us all millionaires, it matters little what anything aside from bitcoin does in the market. Anyone wanting to move past the initial barrier of entry to the Bitcoin space needs to first very alt coins as leading and following indicators. They follow on the way up and lead on the way down.
Even though Bitcoin is taking a bit of a hit lately, all we can do is hope for more mass adoption of Bitcoin. The more of the world built on the blockchain, the more us early adopters can help shape that world into a better place.
