Can everyone in the world have bitcoin.

[spiker777]

I know that the reason why we need to tell people about bitcoin is to spread the awareness of bitcoin,so that more people will adopt bitcoin so that it can be recognised and use by everyone just the way fiat is used. This will make bitcoin value to increase due to its volatile nature and the price is been controlled by demand and supply. Bitcoin is limited in number as we all know that we only have 21million bitcoin.

I have been wondering as a newbie with little knowledge on bitcoin that how is it possible for everyone in the world to own some fraction of bitcoin with the limited number just like the way everyone is using fiat.  Is it that these 21million bitcoin will be enought to serve the world with a total population of 8.1 billion because I know that we have whales who will buy a huge amount of bitcoin and just store it in their wallet without using it,just the way the rich men and politicians keep so much funds in their account or at home without spending it. I also notice that one country can't print the currency that the whole world is using but various countries printed their own currency. Another thing that I noticed so many investors prefer to holdli their bitcoin which might make it not sufficient for everyone.

My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?

To answer your question in simple words. yes it is possible. just Divide 21 Million Bitcoins to 8 Billion world population. you will know how much of fraction of bitcoin each person living on the earth can have.

but the thing is lots of bitcoin are being held by a small percentage of people and then a lot of bitcoin has been lost all those years. the actually supply would be a lot less than 21 million Bitcoins.
but still everyone can buy and have Bitcoins as long as they want.

[YUriy1991]

My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?

My Opinion. Bitcoin has a limited supply but, it does not limit the desire of every individual who wants to own it and one more thing
The deflation is caused by a limited supply of money benefiting communities, individuals, and even governments and the value of BTC floats based on supply and demand and one more thing, why many people want to switch to the Digital Investment era, one of which is BTC.

Yes. Bitcoin as a digital currency removes the need for third parties such as bank servers, and makes it decentralized. Nothing controls the movement of money in this way and eliminates the feeling of lack of trust when it comes to transactions.

[Kakmakr]

We are lucky that Satoshi Nakamoto made each bitcoin to be divisible into 100,000,000 satoshis. So, we should not worry that there will not be enough for everyone to use. Yes, there are whales that are buying loads of bitcoins, but when the price are high enough... they will start selling them and people without Bitcoin, will be able to buy some.

The rarity of Bitcoin is more or less the same as Gold and other precious minerals and gems... there are only a limited supply. The thing is, we know exactly how many bitcoins will be available in the future...  

[Uruhara]

I know that the reason why we need to tell people about bitcoin is to spread the awareness of bitcoin,so that more people will adopt bitcoin so that it can be recognised and use by everyone just the way fiat is used. This will make bitcoin value to increase due to its volatile nature and the price is been controlled by demand and supply. Bitcoin is limited in number as we all know that we only have 21million bitcoin.

I have been wondering as a newbie with little knowledge on bitcoin that how is it possible for everyone in the world to own some fraction of bitcoin with the limited number just like the way everyone is using fiat.  Is it that these 21million bitcoin will be enought to serve the world with a total population of 8.1 billion because I know that we have whales who will buy a huge amount of bitcoin and just store it in their wallet without using it,just the way the rich men and politicians keep so much funds in their account or at home without spending it. I also notice that one country can't print the currency that the whole world is using but various countries printed their own currency. Another thing that I noticed so many investors prefer to holdli their bitcoin which might make it not sufficient for everyone.

My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?

The more people who hold bitcoins in their wallets, the rarer the bitcoins circulating and being traded on the market. So the market demand will be higher when bitcoins are getting scarcer. Well this leads to a much higher price increase. And I think everyone will still be able to own bitcoins even if many whales hold them without selling them. Because in the end the whales will also sell the bitcoin they have when the price demand on the market is enough to make them satisfied to decide to sell. remember 1 bitcoin = 100 Million Satoshi. And imagine if one day 1 satoshi is very expensive. meaning it only takes 81 bitcoins to make everyone have at least 1 satoshi.if the population of people is correct 8.1 billion people.

[Jawhead999]

Wow, how can you be so sure that the world population is 8.1Billion? This is not accurate, the numbers of humans living on this earth is more than that, and no machine is capable of recording the exact number, there are loads of people that are living in the areas where there is no screening or counting for us to actually know their numbers, some are tribes that are not counted as part of the people living in the cities, because they are always in the jungle or the Amazon forest.

Every single person can't own Bitcoin, some will never be able to afford to buy It and some won't give a damn, even if it goes up to one million dollars they won't still care.

How many people are owning Gold today? I have never invested in Gold before and I don't care about having some Gold locked up in my basement because I don't see any reason why, it's not as if I will die because I don't have some Gold, it's the same with Bitcoin, it's not a do or die.

I found it on google where the current world population is approximately 8.1 Billion, I can accept if it was not accurate, then what's the accurate number? you can't just saying someone isn't accurate and you're not giving the accurate answer. Waiting for your answer, don't say there's no exact accurate number.

They don't have to buy it, just claim it through faucet site.

We're talking about the possibility everyone can own Bitcoin, not talk about someone's desire.

[soberdriver]

now I don't have a bitcoin or any other cryptocurrency because this is not allowed in our country.

[Sim_card]

My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?

If everyone is willing to own Satoshis,just like the way everyone has fiat, YES it is possible. The fact lies that not everyone will adopt bitcoin because it isn't a compulsory thing that you can't live without. Like you said OP about fiat,every citizens in a country needs fiat for easy transactions but because bitcoin was created for an alternative payment method,some people will not adopt it,since they don't like to own it. Let's take for example,the poor ones in the villages with poor inadequate power supply or no power supply wouldn't see bitcoin as something relevant because they wouldn't have easy access to it. Also the advanced people or people that feels that bitcoin isn't for them wouldn't also adopt it.

[reagansimms]

Theoretically everyone in the world can have Bitcoin.

True, but not everyone in the world is interested in owning Bitcoin even though awareness about bitcoin has entered the most remote areas. There are several factors that cause Bitcoin not to be owned by everyone in the world, one of which is the internet network factor that has not reached their place.

Bitcoin can be owned by everyone in the world, but not everyone in the world can own Bitcoin for different reasons. The wider development of Bitcoin being adopted on a large scale by several countries that have accepted the presence of Bitcoin will make Bitcoin increasingly known and easier to own by residents in the region. Their openness to Bitcoin will have a greater impact on other people who have not fully accepted the presence of Bitcoin.

[Gallar]

I know that the reason why we need to tell people about bitcoin is to spread the awareness of bitcoin,so that more people will adopt bitcoin so that it can be recognised and use by everyone just the way fiat is used. This will make bitcoin value to increase due to its volatile nature and the price is been controlled by demand and supply.

Yes, what you wrote is correct. The main purpose of this massive or global spread of bitcoin is none other than to make all the people in this world aware of bitcoin and the system that runs in it. Because we cannot deny, at this time we are being played around by the banking system. Therefore bitcoin appears with an ideology or system that is opposite to the system that applies to banking. Like the big example, the bank has a centralized system, and bitcoin has a non-centralized system. So apart from the increasing price of bitcoin, if many investors come, what I can catch and what I can understand to this day, maybe that is the most basic reason why bitcoin should be disseminated to people around the world. the whole world. The point is about the ideology of financial freedom.

~Snip
My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?

This could happen, or it could not. Because it all depends on the demand and sales in the bitcoin market. Apart from that, with the supply of bitcoins which is more or less only 21 million, and while humanity currently numbers 8 billion people, so logically and arithmetic, if it is equally divided, it will definitely get a little bit for each person. Moreover, in reality, in the bitcoin market, sometimes there are not a few investors in bitcoin who have more than one bitcoin asset, in fact there are thousands of them. Even though bitcoin assets are running, in the sense that they are constantly being traded on the market, but not a few, maybe even arguably the majority, bitcoin investors do hoard more of the assets they have in their personal wallets (holding). Apart from that, not to mention the missing bitcoin assets, in the sense that the code from the wallet is lost, so if that's the case, you can be sure that the bitcoins are forfeited. Why do I say like that? Because as far as I know, until now no one has been able to hack bitcoin wallets or other cryptocurrencies.

So in conclusion, everyone in this world can definitely have bitcoin. But if the context is, every person on this earth can hold bitcoin (everything is in a holding state), I think it must be a bit difficult.

[KiaKia]

If 1BTC is the least that everyone can buy then everyone can't have Bitcoin, That means that only 21 million people or even less can have Bitcoin, but that's not what's happening with Bitcoin, we have Sats, If you can't afford 1 BTC you might be able to afford 0.008BTC, everyone can buy what they can afford, this is what makes Bitcoin great.

Buying or having Bitcoin is a matter of choice, people need to see the need to have Bitcoin before they can start buying and if they don't, we can't force them, but to answer the question that OP is asking, everyone in the world can have some part of Bitcoin, even if it's worth 10$ today you are already a Bitcoin holder.

Mind you, not having Bitcoin is not the end of everything, we are looking for a better future and something far better than Bitcoin can still come in the future if you can't afford Bitcoin it's not the end, no matter how many Bitcoin we have today, it won't follow up to the other side when we die.

[Blitzboy]

I know that the reason why we need to tell people about bitcoin is to spread the awareness of bitcoin,so that more people will adopt bitcoin so that it can be recognised and use by everyone just the way fiat is used. This will make bitcoin value to increase due to its volatile nature and the price is been controlled by demand and supply. Bitcoin is limited in number as we all know that we only have 21million bitcoin.

I have been wondering as a newbie with little knowledge on bitcoin that how is it possible for everyone in the world to own some fraction of bitcoin with the limited number just like the way everyone is using fiat.  Is it that these 21million bitcoin will be enought to serve the world with a total population of 8.1 billion because I know that we have whales who will buy a huge amount of bitcoin and just store it in their wallet without using it,just the way the rich men and politicians keep so much funds in their account or at home without spending it. I also notice that one country can't print the currency that the whole world is using but various countries printed their own currency. Another thing that I noticed so many investors prefer to holdli their bitcoin which might make it not sufficient for everyone.

My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?

The more people who hold bitcoins in their wallets, the rarer the bitcoins circulating and being traded on the market. So the market demand will be higher when bitcoins are getting scarcer. Well this leads to a much higher price increase. And I think everyone will still be able to own bitcoins even if many whales hold them without selling them. Because in the end the whales will also sell the bitcoin they have when the price demand on the market is enough to make them satisfied to decide to sell. remember 1 bitcoin = 100 Million Satoshi. And imagine if one day 1 satoshi is very expensive. meaning it only takes 81 bitcoins to make everyone have at least 1 satoshi.if the population of people is correct 8.1 billion people.

Its not as simple as you think to say that the concept of scarcity or rarity determines the price of Bitcoin. Scarcity is a component, to be sure, but its just one part of a big picture that includes speculation, global finance, and human psychology. How are the whales doing? Get over your naivety. Whales arent just sitting around, waiting to be sold at some magical price. They move the market, they plan, they strategize, and they manipulate! Your charming assumption that they'll simply "decide to sell" is, well, charming.

You treat Satoshis and their potential value like they are elementary concepts. We may be dealing with a completely new paradigm of valuation by the time 1 Satoshi reaches such a value, rendering the entire idea of conventional money moot. Even nonetheless, I appreciate that you tried your math skills with the 81 Bitcoins for 8.1 billion people. Really, it's cute. However keep in mind that your estimates and assumptions only represent a small portion of this intricate financial ecosystem.

[KingsDen]

The answer to this question is of course No because older people don't know how to buy and sell Bitcoin they don't know what is crypto so this is impossible, also some people think that crypto is haram but in real crypto is halal. that are 2 big reasons and some are too much poor so they cant buy BTC.

You have replied to the above post in a context that is quite different from what the Op intended. The creator of the topic was wondering how possible it is for the 21 million bitcoins to be sufficient for every human being assuming they are all to acquire bitcoin. Also emphasizing that there are people that are holding much bitcoin and are unwilling to sell which will make it impossible for everyone to own a few sats of bitcoin.
My straight forward answer to OP, is that everyone in the world cannot own bitcoin as of now. Assuming it can be reversed that all lost bitcoin be restored and all everyone holding bitcoin should sell and bitcoin goes back to 21 million. Then, bitcoin will be sufficient for everyone in the world.

[Helena Yu]

The more people who hold bitcoins in their wallets, the rarer the bitcoins circulating and being traded on the market. So the market demand will be higher when bitcoins are getting scarcer. Well this leads to a much higher price increase. And I think everyone will still be able to own bitcoins even if many whales hold them without selling them. Because in the end the whales will also sell the bitcoin they have when the price demand on the market is enough to make them satisfied to decide to sell. remember 1 bitcoin = 100 Million Satoshi. And imagine if one day 1 satoshi is very expensive. meaning it only takes 81 bitcoins to make everyone have at least 1 satoshi.if the population of people is correct 8.1 billion people.

Correct people who hold their coins will make Bitcoin scarcer.
Also correct 1 Satoshi might be worth as high as $1 in the future.

Since 1 Satoshi is already expensive, then how much the fee that someone need to send 1 Satoshi?

My straight forward answer to OP, is that everyone in the world cannot own bitcoin as of now. Assuming it can be reversed that all lost bitcoin be restored and all everyone holding bitcoin should sell and bitcoin goes back to 21 million. Then, bitcoin will be sufficient for everyone in the world.

If that happens then it's not Bitcoin anymore, but centralized shitcoin since the coin is reversible. Imagine there's a Bitcoin maximalist who never move his coin for 10 years and then all of his coins are transferred to unknown address. This make Bitcoin is not safe anymore.

[peter0425]

My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?

bitcoin composes of so many satoshis , so meaning  every people in the world has its piece of cake but of course depending  on how people will engage and willing to have that piece.
you can carry one satoshi while others can have millions , you can carry and you can not , your choice

[isaac_clarke22]

My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?

I am pretty sure that most of people around the world are already aware about the existence of Bitcoin and they're just refusing to adopt it due to either fear of technologies or just not really up to something new especially when we're talking about money.

A user here has a good point that there are also lost Bitcoins already and a surface research gave me that there are around 4M of Bitcoin were lost already. With that figures and how high of the price of Bitcoin we got these days, there could be just a miracle for some people to even still buy Bitcoin when it starts becoming scarce. Not every country is US, so even people in third world countries like mine might struggle getting a fraction of Bitcoin let alone a whole Bitcoin.

[Ziskinberg]

Can everyone? Well, my opinion is NO. Although everyone has the chance to invest and own Bitcoin but for financial capabilities that some people don't have, they'll be prioritizing bringing food to the table rather than investing.
In fact, some rich people ignore Bitcoin (maybe for now) but can't sure that they will take this in the future. Because investing in Bitcoin is just an option, as long as we can't appreciate its value and see how we can benefit from this in the future, we can't see how important it was until such time we found it.

[LDL]

In fact, if bitcoins were divided equally among the people of the world, one person would have a few hundred bitcoins. As the supply of Bitcoin is limited but the population is not limited but the population is constantly increasing.
21 million bitcoins total supply but in this case the number of bitcoins in Satoshi Nakamota's wallet will be excluded from the total supply and balancing the number of bitcoins generated in mining and the number of bitcoins that will be generated will definitely decrease from the total supply in this case a whopping 17 million bitcoins  will remain.
17M total supply
810 core or 8100M population
BTC total supply/total population= 0.00209876 BTC per person
Only a fraction of the entire world knows about Bitcoin and the rest of the majority opposes Bitcoin. It will never be possible for all people in the world to share in Bitcoin equally.

[dothebeats]

Not all 21 million of Bitcoin is still accessible and in circulation. Some owners have either died, not giving access to it, or some just gave up with their small fraction of Bitcoin (not caring what happens to it). So, is it possible for everyone to have Bitcoin? Yes, in small uneven fractions that some will not even be relevant to use. However, technically the answer is yes.

In reality, however, is that not everyone wants to do with anything related to Bitcoin, so will it matter? No. Hence, everyone can have Bitcoin but not everyone will even want it.

[GigaBit]

My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?

There is no reason for anyone to have difficulty in understanding this matter because since Bitcoins are limited, not everyone will be able to own Bitcoins. According to the coinmarketcap Circulating supply is 19,463,862 BTC. Among these BTC, the majority of bitcoins are held by whole investors and institutional investors. When the demand of Bitcoin increases, it will become more difficult for ordinary people to collect Bitcoins. Only institutional investors will have Bitcoin under their control. Considering this fact, it is easy to assume that in the future, ordinary people will have to raise money for Satoshi, not a Bitcoin.

[yazher]

I think this question is not that hard because when you want to see the real possible rate of people getting some bitcoins each is way more high than all people having some money in their pocket. If bitcoins became worldwide currency like dollars and euro I'm pretty sure that not all people can acquire them not because there is nothing to acquire anymore but because they choose not to have it. For example, people here in our city have our national currency I can say 9.99% but not all of them have dollars or euro as well.