bitcoin ring 3D print model

cgtrader

The Bitcoin community has taken it upon themselves to verify and confirm that every human on Earth owns at least one unit of this revolutionary cryptocurrency, dubbed "1Bitcoin". If we do assume a total world population of 7.9 billion as estimated by the United Nations for the year 2015, then approximately 1,570 Bitcoin are held privately in total, assuming a global adoption rate is near the level indicated by 2%. Assuming that most humans still keep their money at home instead of entrusting it to banks, and knowing what we know about how many bank accounts there are worldwide for people living in first-world countries only (about 100 billion dollars), if you divide this sum with all world population size today then number comes around 20 US Dollars, approximately. With Bitcoin now priced close to an order of magnitude higher than USD's average inflation over decades since introduction, people might see it is an acceptable method. This will not have significant effect however: when all countries switch entirely into their official monetary system. This fact has caused many analysts argue against it being considered for usage in transactions within major currency zones before it happens elsewhere on globe due largely because current technology limits its usability until further breakthroughs come.