what i'm about to share with you the sooner you realize this the sooner that you take the
time to understand what it means to have a finite capped supply in a world where
demand for bitcoin is only increasing once you understand this you will become filthy
stinking rich at least in theory right bitcoin's limited supply cap means that you only need
point zero one bitcoin to become rich in ten years bitcoin's finite supply will be
nearly exhausted meaning hodlers might only need .01 bitcoin to become filthy stinking rich
right now today .01 bitcoin is just above 500 500 to 1 million in 10 years is this possible this is
what i want to talk about in this video along with recent news bitcoin eth george soros ben shapiro
atari ethereum uniswap token welcome back everybody to altcoin daily where you subscribe
because you're interested in making money in cryptocurrency and you want to stay up to date
on a daily basis if you're new to the channel make sure you subscribe if you want to support the
channel all we ask is give the video a like and comment below is point zero one bitcoin enough is
there another coin that you have on your radar for a long term hold let's talk about bitcoin let's
talk about ethereum then we'll talk about altcoins let's get into it while purchasing 0.01 bitcoin
might today just cost 500 doesn't seem like a lot of bitcoin doesn't seem like too much money
current trends in global wealth distribution and the inevitable realization of bitcoin's
limited supply could result in 0.01 bitcoin being worth 1 million dollars in the future let's talk
about this let's unpack this let's talk about bitcoin's fixed capped supply and the increasing
demand and just the different scenarios to truly realize that .01 bitcoin is going to be worth a
lot of money in the future so according to credit suisse's global wealth reports 2020 there are 52
million individuals with a net worth surpassing 1 million dollars 52 million millionaires in the
world despite representing just one percent of the global population excluding children these
millionaires own 43 percent of the world's wealth huh let's keep going as of march 1st
bitcoin's total supply consists of 18.64 million bitcoin leaving 2.37 million coins yet to be mined
in 10 years the supply will reach 20.6 million or 98 of the 21 million coins from the total supply
well there are some coins that are lost right or haven't been touched for a while that's going
to remove supply right well when removing the 1.9 million coins that haven't been touched for over a
decade from bitcoin supply cap there is a maximum limit of 19.2 million bitcoin now available to
these millionaires in the world we're only talking about millionaires at this point this leaves .37
bitcoin per millionaire including the yet to be mined coins assuming bitcoin supply will
be evenly shared between said millionaires which obviously it won't but hypothetically if this were
the case they would all be fighting for just .37 bitcoin per millionaire we're just talking about
the millionaires at this point and you got to ask yourself well this is only going to be true if i
believe that bitcoin has a future and bitcoin's going to be here that's something i believe if
you believe that you should pay attention however if every bitcoin that has remained unmoved for
five years or more is lost so not 10 years anymore but now five years and that would be a maximum of
14.5 million bitcoin that will be available for accumulation for the millionaires for everybody
in this scenario each of the world's millionaires could only own 0.28 bitcoin each assuming supply
is evenly distributed so now it's 0.28 bitcoin the fact is that in the future the wealthy will be
fighting for .01 bitcoin let's talk about this in addition to the certified millionaires there are
590 million individuals whose net worth exceeds a hundred thousand dollars let's not forget about
these people these people shouldn't be disregarded as potential huddlers even though their purchasing
power is less assuming that the global wealth proportion shown in this chart right here above
stays the same assuming that proportion of wealth is distributed correctly millionaires represent
just 6.32 million coins out of bitcoin's remaining supply suggesting each individual would have the
opportunity to purchase just 0.12 bitcoin each what i'm trying to show you is no matter how you
look at the data and the more data that you have this shows us that people are going to be fighting
for small amounts of bitcoin the remaining 590 million individuals currently worth 100 000 or
higher could effectively hold another 5.9 million coins resulting in a mere .01 bitcoin per adult
this is how we come to this number resulting in a mere .01 bitcoin per adult so now we're
talking about pretty much everybody and they're fighting if it's evenly distributed for .01
bitcoin today 500 tomorrow possibly a million to conclude buying .01 bitcoin today roughly a 500
investment at current prices can assure you can assure a person a top 13 hodler position when
comparing the relative wealth concentration of the fiat and bitcoin markets being among bitcoins top
13 shares the same exclusivity as being a fiat millionaire so 500 in bitcoin today .01 bitcoin
being the same as a fiat millionaire and when you study the history of bitcoin look at how quickly
this appreciates you come to realize one thing most people will own bitcoin it is inevitable
bitcoin holds value and appreciates in value like no other back in 2011 one bitcoin bought
you a lemon back in 2014 one bitcoin bought you a phone 2015 one bitcoin bought you beats by dr dre
2018 one bitcoin bought you a motorcycle 2021 one bitcoin buys you a nice car
2025 a citadel we'll see let's talk about the first publicly traded company to disclose they
have ethereum on their balance sheet in fact 40 million worth of bitcoin and eth publicly traded
company we've seen this plenty of times with bitcoin we'll continue to see it with bitcoin
this is a game changer for ethereum my2 a chinese photo retouching app listed in hong kong
announced that it has purchased 40 million worth of bitcoin and eth one of the most popular mobile
apps in china my2 has nearly 300 million in self-reported monthly active users as of june
2020 my2 is also evaluating the feasibility of launching an ether based decentralized
app so they're going all in this is a direct quote from the company these purchases were made
pursuant to a cryptocurrency investment plan previously approved by the board of directors
under which the group may make a net purchase of up to 100 million worth of cryptocurrencies they
still have 60 million they could you know buy an ether and bitcoin and whatever financed by its
existing cash reserves other than any remaining proceeds from the company's initial public
offering so they had to go through the board of directors they got approved for a hundred million
they have deployed 40 million they're looking into eth applications just so you know founded in 2008
my two is one of the most popular mobile apps in china with a market cap of 11 billion as of june
2020 my2 held 2.5 billion or actually 380 million in cash in liquid financial reserves and had 295
million self-reported monthly active users its chairman and founder is also a known pro bitcoin
figure who said in 2018 in an interview that he personally amassed 10 000 bitcoin at the time
so these guys are putting their money where their mouth is this is the first publicly listed company
that's bought in eth what this means to me is that this cryptocurrency revolution is real and this is
global i want to continue talking about ethereum in just a second but realize just you know what
a game changer it is to have corporations put bitcoin and now we're seeing it with ethereum
to an extent put bitcoin on their balance sheets we haven't even seen the true effects of michael
saylor's bitcoin conference where he onboarded tons of corporations and gave them his playbook
when we do start to see the true effects starting q2 starting very soon it'll seem like we can't go
a day without hearing about corporations adding bitcoin to their balance sheet it's coming and it
will kick off the biggest phase of this bull market that we have seen keep paddling keep
hodling speaking about ethereum we continue to see whales accumulating ethereum whales owning
10 k plus eth now owns 68 percent of the total eath supply this is the highest percentage owned
by whales since november 2017 so back november 2017 that was a couple months away from eth's big
you know huge rally big blow off and also some information about today
10 to 10 000 addresses meanwhile on the lowest percentage since september 2017.
so whales continue to accumulate eth is this smart money i don't know it's an interesting metric
george soros the george soros is getting into bitcoin with the bitcoin firm nydig
george soros ben shapiro breaks down bitcoin and says he likes bitcoin and he thinks more people
will invest in bitcoin he says anytime there's a market for any sort of digital currency there
will be rival digital currencies the question is which one gains credence in the marketplace
it's why at the very beginning it takes big people buying into this sort of stuff to make
a difference in the market for it so the more elon musks you have buying bitcoin the more
faith there is that bitcoin is a real thing ben shapiro adds that bitcoin is poised to attract
more and more investors as people find a way to escape fiat currencies that are being debased by
their governments ben shapiro seems to get it he says this is why so many people are skeptical of
cryptocurrencies in the first place but my feeling is that over time cryptocurrencies
particularly ones that find a place in the market the way bitcoin has i think that those
are going to continue to rise i think we have less and less faith in centralized governments
and it seems to me that we are there right now at as that happens more and more i think we're going
to see more and more people looking to diversify away from fiat and instead moving into places
like bitcoin for actual safety and security so ben shapiro promoting bitcoin in a big way
pretty much saying that bitcoin's already a thing bitcoin is here to stay other cryptocurrencies
could follow but right now you know bitcoin and crypto is where it's at before we talk
about ethan atari before we talk about uni token before we talk about taco bell and nfts let's take
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but with block fi using your crypto you can earn good interest atari partners on a crypto casino
in an ethereum based virtual world so an atari branded casino will be built in a gaming district
within decentraland's metaverse atari the gaming company behind pac-man asteroids and pong is to
develop a cryptocurrency casino in partnership with decentral games according to a press release
shared with coindesk on monday the atari branded casino will be built in vegas city a gaming
district in ethereum based decentralized metaverse will be leased on an initial two-year term the new
casino based on decentral games tech will feature atari themed games including an atari's special
game based on skill rather than luck players will be able to earn decentral games native token
got another token now so we have the ether token the decentralized mono token now we have the dg
token you can earn this by playing with mana or with dai and atari tokens in general token
holders of dg will also be able to utilize them to participate in governance and company related
decision making according to the release so the dg will be a governance token by the way decentraland
is backed by digital currency group the parent company of coindesk and coindesk is reporting
second from last piece of news uni token surges 50 in one week becomes the first d5 dap token in
crypto's top ten uniswap's governance token has become the first defy token to rank among the
10 largest crypto assets by market cap so in my opinion the uni token the governance token for
a decentralized exchange this makes sense i like to see you know tokens in my opinion that don't
have a future being flushed out of the top ten and better projects like this moving into the top ten
this is the rally final piece of news taco bell rides nft hype train with collectible digital
tacos taco bell just dropped a collection of taco themed digital collectibles and they're all sold
out this was pretty interesting fast food chain taco bell has just sold its first batch of taco
themed digital collectibles on nft marketplace wearable and they were snapped up in a flash
they say our spicy potato soft tacos can now live in your hearts stomachs and digital
wallets this was tweeted by the company as their nfts dropped taco bell created five distinct nfts
selling them in batches of five the collectibles were put on sale for point zero zero one each just
a dollar eighty which is quite cheap as nft sales go but the company will receive point zero one
percent of future sales with all proceeds going to the taco bell foundation which focused on helping
young people find careers i like it this is what i want to see and it's pretty revealing that
companies and people like this are are getting involved make sure you subscribe to the channel we
drop a video every day this cryptocurrency market is heating up this is turning into a great year