Becoming a Wholecoiner Is One of the Smartest Moves You Can Make

Now? It's a completely different story. Bitcoin is sitting near $100,000, and owning even half a bitcoin feels out of reach for most people.

Bitcoin scarcity is making wholecoiners a rarer club than fiat millionaires.

When I first got into bitcoin in 2016, the price was around $400 to $500, and it felt like something that was totally doable to own one full bitcoin. I remember thinking that even if I couldn't save up enough to buy a whole bitcoin, I could at least get close.

Now, bitcoin is sitting near $100,000, and it feels like even half a bitcoin is out of reach for most people. To put this into perspective, the average savings for someone under 35 in the U.S. is just $20,540, according to a recent study by MagnifyMoney. That's not even 25% of what it costs to buy 1 BTC today.

Most of these millennials and zoomers can only dream of ever owning a whole bitcoin — it's just not realistic for the average person anymore.

But here's the part that really blows my mind: There are only about 1 million bitcoin addresses that hold more than 1 BTC, according to data from Glassnode.

Even if we assume that every single one of those addresses belongs to a different person (which isn't true), that's just 0.0125% of the global population. Being a wholecoiner already puts you in one of the most exclusive clubs in the world.

Now, let's compare that to fiat millionaires. There are about 58 million millionaires worldwide, according to a 2022 report by Credit Suisse. And here's the kicker: There are only 21 million bitcoin in total.

Even if every single millionaire on the planet wanted to own one bitcoin, they couldn't. There's just not enough bitcoin to go around. That's why I believe that being a wholecoiner is better than being a fiat millionaire.

Fiat is infinite — anyone can become a millionaire in a system where money is endlessly printed. But bitcoin? It's hard-capped. Scarce.

If you're a millionaire and you don't own at least 1 bitcoin yet, wake up. The race is on, and most millionaires are going to miss out.

And if you're already a wholecoiner? Congratulations. You're part of the 0.0125% who will ever own this much bitcoin.

It might not feel like a big deal now, but in 20 or 30 years, you'll look back and realize how rare and special it is. As Tuur Demeester said: “These are the last months that 1 BTC is accessible to the upper middle class.”

That quote stuck with me because it's true. The window is closing.

If you're in the race, don't stop. And if you're on the sidelines, it's time to get moving — because bitcoin's scarcity is going to leave a lot of people behind.