Bitcoin remains the world’s most valuable cryptocurrency. However, when the cryptocurrency first appeared, only a small number of people were aware of it. This allowed these early adopters to amass a large amount of BTC. Giving them an advantage over investors who arrived years later. Even today, more than a decade later, the percentage of the world’s population that is aware of bitcoin is still negligible in comparison to the total population.
Despite this, over 18 million of the 21 million bitcoins created have been mined and are in the hands of various investors. Only a little more than 2.2 million bitcoins remain for the rest of the world to catch up with. Given that data shows that less than 10% of people are aware of bitcoin, this means that 7 billion people have yet to learn about it.
According to bitcoin mining predictions, the last bitcoin will not be mined for another 100 years or so. Because the majority of BTC in circulation is already owned, approximately 7 billion people are at a disadvantage when it comes to owning the digital asset. But what if every single person on the planet received an equal distribution? How much BTC would a person earn from this?
People’s Bitcoins Are Being Distributed Equitably
There are only 21 million bitcoins intended for circulation. Using the current world population of 7.8 billion, this equates to 0.0027 bitcoins for each person. This does not include the amount of BTC that has already been lost due to misplaced keys/passwords or the death of coin owners. Already, an estimated 20% of bitcoin supply is said to have been lost forever. Taking this into account would lower the number even further.
Cryptocurrencies are frequently presented by maximalists as a means of resolving inequality. Nonetheless, inequality persists in the crypto world. It is not only a matter of opportunity, but also of people being able to capitalize on that opportunity.
According to data, there are 4.66 billion people in the world who have access to the internet. This means that only about 59.5 percent of the world has access to the internet, which is required to buy and own bitcoin.
Another intriguing statistic is the number of people in the world who own a smartphone. Currently, less than half of the world’s population has access to a smartphone. As a result, for roughly half of the world, simply hearing about bitcoin is insufficient. It is a problem that they do not have access to devices that allow them to purchase and store their coins.