EP #75- Why Is Bitcoin So Rare? (Only 21 Million Bitcoin EVER!)

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Season 2, Episode #75. Not Me, But You! Podcast. Follow Me on X at: Waypa Today. 

Wishing you freedom from your 9am to 5pm job. How do you become financially free? Answer: Buy/hold assets that pay you cash flow WEEKLY/MONTHLY. 

Threegreat quotes: "Every accomplishment began with a decision to try. Only a fool mistakes kindness for weakness. There can be the heart of a lion within the spirit of a lamb." 

How many Bitcoin total available?   Answer: 21 Million Bitcoin ever! They can't "print" more. They can't manufacture more. It's a FIXED supply. How many Millionaires in the USA? Answer: almost 24 million people are millionares who lives in the USA. According to US population statistics: 1 in 15 people are millionaires in the USA, as of data available in 2024. 

How many millionares are there world wide? Answer: 58 million people world wide are millionaires. So there is NOT enough Bitcoin for EVERY millioniare to OWN ONE BITCOIN! It's NOT possible. So grab whatever slice or slices YOU can of Bitcoin between now (2025) and 2032, which is 7 years from now. 

Only 850,000 people or LESS own ONE Bitcoin currently. Why is this number unclear? Because some people MAY own MORE than one Bitcoin and have multiple wallet addresses. The only thing we know for sure now, is that there are 850,000 unique wallet addresses that own ONE Bitcoin. Another scenario is that one person owns a partial Bitcoin in several different wallets! The total Bitcoin that person can own could be ONE Bitcoin or SEVERAL Bitcoin, depending on how many wallets that person actually owns/controls. 

Bitcoin is projected to reach a price of ONE MILLION dollars by 2032. If correct, that means that Bitcoin will 10X in price. So go ahead and buy whatever slice of Bitcoin you can afford now, when it's ONLY $100,000 per coin! You will 10X your money in 7 years or less. 

Now consider, what if you bough Apple stock or Microsoft stock or Meta stock? Do you think it's price PER share will 10X by 2032?? I highly doubt that will happen. 

Even if you don't believe in Bitcoin and don't own any. Be aware that you are already participating in a DIGITAL economy and using DIGITAL MONEY to make purchases. Likley you use a debit card or credit card or possibly even you phone to pay for things? What are those forms of payment? Answer: digital payment systems. 

Use the FREE website: stock analyis dot com to research stocks/ETF's. Open 3 brokerage accounts at your favorite online broker (Robinhood/Charles Schwab): 1)Regular Brokerage account with access to margin. 2) Traditional IRA.  3) Roth IRA. The paythway to wealthy INVOLVES risk. 

I'm not a financial advisor. This podcast is for education/entertainment purposes only. You will need to do your own research and accept responsibility for the results of any money you choose to invest. I love using Schwab.com to buy/sell stocks/ETF's/closed end funds/options. Schwab has a very user friendly app/website and their customer service is excellent. I can easily get to speak to a human being whenever I have questions.