Bukele: "The supply of Bitcoin is less than half the number of millionaires worldwide… it's only a matter of time before the price surges"
Minseung Kang
Summary
- El Salvador President Nayib Bukele stated that the limited supply of Bitcoin would trigger a significant price surge.
- He remarked that the number of millionaires worldwide exceeds the total BTC supply, making it impossible for every millionaire to own even one.
- President Bukele conveyed that this structure implies that price appreciation is just a matter of time.
Nayib Bukele, President of El Salvador, expressed his view that the limited supply of Bitcoin (BTC) will ultimately lead to a sharp price increase over the long term.
According to cryptocurrency-focused media outlet Bitcoin Archive on the 9th, President Bukele said, "There are over 50 million millionaires worldwide," and added, "If all of them wanted to own at least one Bitcoin each, with BTC's capped supply of 21 million, not even half of them could have one."
He added, "This means a massive price increase is just a matter of time."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![[Exclusive] FSS to examine ZKsync coin that surged '1,000%' in three hours](https://media.bloomingbit.io/PROD/news/1da9856b-df8a-4ffc-83b8-587621c4af9f.webp?w=250)
