I wish I understood this sooner:
There are 4.9B internet users in the world.
If somehow BTC was distributed evenly across just 20% (1B) of all the internet users in the world, every person would be able to hodl 2.1M sats (0.021 BTC).
In 10-20 years, things will change radically.
Most of today’s old people won’t be with us anymore. Therefore a whole group of today’s informatically illiterate people will shrink dramatically. Already today, most kids become internet users by default. Soon every kid will own a wallet to collect and consume game tokens and game NFTs, so the number of crypto users will keep reaching ATH.
Every TV and every smartphone will come with an integrated wallet in them. Therefore people will find it easier to use. Not to mention all transactions will be done using crypto wallets. Of course, most will be centralized, but this is another topic.
Besides that, Starlink and similar companies will start to emerge and deliver easy access to the internet to all the people in the world. It won’t be a matter of ‘do you want to use the internet?’, this will be a default way of transacting.
I didn’t even mention IoT that will run on blockchain technology. Ok, in many cases we won’t have access to tokens and protocols underneath, but still, we will have access to some.
Today there are around 7.8B people in the world. 1/3 people don’t use the internet or don’t have access to it. This will change. And if the population keeps rising at this rate we can expect around 8.5B people in 2030. Well, a trader will see this as a bubble in the world’s population charts, and that it could pop, leading to a correction to a 0.618 mark, but that’s a topic I don’t want to get into because I don’t know anything about it. It’s an interesting, but scary point of view.
So let’s sum up:
By 2035 there could be around 8B internet users and at least 6B crypto users. Therefore, if all the BTC would be evenly distributed, every person could own 350K sats (0.0035 BTC).
That’s already a very low number, and we are still talking about EVEN DISTRIBUTION which will never be the case. Besides that, take into consideration all the lost keys, and whales… The number falls into 5 digit sats per person or even lower.
Now my question is: ‘Will people even want to own BTC since it would be way too hard to obtain?’
And the answer is: ‘Probably not.’
If Bitcoin ever becomes the standard like gold was, which could happen at some point no matter how absurd and distant this idea could sound to many, people will buy it just as people are buying investment gold today.
All the others will use something more accessible.
It’s important to put yourself in the position of someone living in the 3rd world country that doesn’t have an internet connection, nor has money to buy crypto. What will those people do once they get access to the internet?
Or they will make their own currency
Or they will start playing P2E games to accumulate tokens and NFTs that they will exchange for other cryptos
Or they will start mining
Or something I haven’t thought of
All of these solutions are likely to happen.
This is where the true ‘People’s money’ will come to the surface.
By then, lots of things will change, but I’m pretty confident that Digibyte could be the chosen one.
CPU mining is another thing I already talked about and I find that is very important to understand. Sure, the Antminer S19XP with 140Th/s will highly improve the security of Bitcoin’s network (and centralization), but every person in the world will own a smartphone capable of mining CPU coins. Monero is the leader now, but other mobile minable coins will emerge. Maybe by then, Monero will be the king, nobody can tell.
Maybe even the metaverse will be the solution for ‘mining’ or better said, gold-digging and collecting in-game resources.
It’s hard to predict a future outcome because we never had such disruptive technologies like the IT, internet, and blockchain propagating so fast in the world. Understanding crypto is what will put you 3 steps ahead of the masses. Therefore, study the fundamentals! Everything else is a buzz.