Is 1 Bitcoin Enough to Make You Rich? (2024)

For the last several years, the ultimate goal has been to be able to accumulate 1 full Bitcoin. But the question that everyone wants to know is if owning 1 Bitcoin will be enough to make you rich. The answer might surprise you.

Bitcoin, the first cryptocurrency, has been the king of this market ever since it launched. Beginning by having no actual value, then finally obtaining, and eventually rising all the way up to a price of $69k. Over the years as the price has changed, the projections of the potential it has continues to increase as well.

In the very early days, it was thought that you would need thousands of Bitcoin to become a millionaire. But that requirement number soon dropped to owning a few hundred, then 21, and now the ultimate goal is to own one full Bitcoin.

The first thing you need to know about Bitcoin is that there is a limited supply. There will only ever be 21 million created. Due to carelessness, mistakes, thrown-out hardware, people passing away, and a variety of other factors; it is estimated that at least 4 million Bitcoin have been lost forever. And then there are the coins that the creator Satoshi Nakamoto has never touched.

What this all means is that there are fewer Bitcoins available on the market than most imagine. It is extremely scary. For example, there are an estimated 50 million people in the world who are millionaires. If they all wanted to buy a full Bitcoin, it would be impossible.

In fact, if Bitcoin were to be split up evenly amongst people around the world, each person would have nearly 0.0027 Bitcoin. But, that it would also be impossible for everyone to have that amount. Because each person that owns more than 0.0027 BTC is essentially owning Bitcoin that other people will never be able to accumulate. While there are people like me who own a decent portfolio of Bitcoin that are eliminating BTC positions from hundreds or thousands of people. But there are also extremely large Bitcoin whales such as Microstrategy, the Winklevoss twin who own hundreds of thousands of Bitcoin. Eliminating the equal share from millions of people.