THERE ARE 2.1 QUADRILLION UNITS OF BITCOIN.
NOT 21 MILLION.
2,100,000,000,000,000.
THEY’RE CALLED SATOSHIS.
BITCOIN CAN BE DIVIDED DOWN TO 0.00000001 BTC.
SO WHEN SOMEONE SAYS:
21 MILLION BITCOIN ISN’T ENOUGH FOR THE WORLD.
THEY’RE THINKING ABOUT BITCOIN LIKE IT’S 21 MILLION PHYSICAL COINS.
IT ISN'T.
ONE BTC CONTAINS 100 MILLION SATS.
21 MILLION × 100 MILLION = 2.1 QUADRILLION UNITS.
AT 8 BILLION PEOPLE, THAT’S ROUGHLY 262,500 SATS PER PERSON IF BITCOIN WERE DIVIDED EQUALLY.
AND THE SMALLEST UNIT IS ALREADY WORTH LESS THAN A CENT AT TODAY'S PRICES.
THE INTERESTING PART ISN'T THAT BITCOIN IS SCARCE.
IT'S THAT SCARCITY AND DIVISIBILITY COEXIST.
THERE CAN ONLY EVER BE 21 MILLION BTC.
BUT THERE ARE ENOUGH INDIVIDUAL UNITS TO DIVIDE THAT SUPPLY AMONG BILLIONS OF PEOPLE.
