I've been reading this subreddit for about a month. I get how bch is far better than btc but why isnt it rising? Because of the hype on btc or other cyptos?
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source https://www.reddit.com/r/btc/comments/kzorjf/beginner_question/
Monday, 18 January 2021
Beginner question
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source https://www.reddit.com/r/btc/comments/kzorjf/beginner_question/
If bitcoin ever hits $2 million, the richest bitcoin wallet owners would start entering the Forbes Richest 100 list.
There are over 100 wallets with over 10,000 BTC (source). If the bitcoin price were to reach $2 million, each of those wallets would hold over $20 billion worth of bitcoin.
According to the Forbes Richest 100 list, the 100th richest person in the list is worth $18.6 billion (source).
Assuming some of those top 100 wallets belong to individuals who still have access to their coins, if bitcoin were to hit a price of $2 million, those individuals would be rich enough to be on the Forbes 100 list, just from their bitcoin holdings alone.
Just a thought I had, thought I'd share.
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