TL;DR
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Thanks to the recent jump in Bitcoin’s price, there are now over 8 million individual Bitcoin wallets holding $1k USD or more of Bitcoin (a new record!).
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The more purchasing power something can give to a larger number of people, the better it is for the world.
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And right now, there are 8M people with a purchasing power of $1k worth of Bitcoin at their disposal – purchasing power that they didn’t have a month ago.
Full Story
This feels like an arbitrary statistic…but it might be worth getting excited about:
Thanks to the recent jump in Bitcoin’s price, there are now over 8 million individual Bitcoin wallets holding $1k USD or more of Bitcoin (a new record!).
…ok, that’s cool and all, but what does it even indicate?
In its plainest/purist sense, this data supports the idea that:
The more purchasing power something can give to a larger number of people, the better it is for the world.
E.g. If a company can grow (gaining more and more employees along the way), it will distribute more purchasing power to more people as it expands.
(More purchasing power, for more individuals = more financial freedom/personal autonomy, for more people).
Long story longer: ‘more money in everyones pockets’ is a message that speaks to just about everybody.
And right now, there are 8M people with a purchasing power of $1k worth of Bitcoin at their disposal – purchasing power that they didn’t have a month ago.
It ain’t exactly front page news – but it’s a milestone worth celebrating!
Because the more wealth Bitcoin can bring to a broader number of people, the greater its impact will be on the world.
