hey everyone welcome back to my channel and welcome back to my subscribers there are a lot more of you now so thank you very much for subscribing to the channel uh this is where we talk about money saving and turning your hard-earned cash into wealth building assets this is baldguy money i am bald guy let's talk money today we're going to talk about bitcoin uh bitcoin is basically everywhere today it's becoming legal tender in el salvador it's been in the news everywhere lately and it's really the talk of investors all around the world bitcoin is a scarce resource and many people call it digital gold and in this video i'm going to tell you exactly how much bitcoin i think every person should have spoiler alert you may be surprised at how little i think you need to own and as usual i will break down my ownership levels by income bracket to give you an idea of how much i think people should have depending on how much they make so watch to the very end really you won't want to miss any of this video it is full of useful knowledge just before we get into it kind reminder that none of this is financial advice please remember to do your own research before investing to make sure that you're doing what is the best thing for yourself now to bitcoin the growth of bitcoin over the last years has been phenomenal nobody can argue that and just take a look at this chart right here you can see that we are currently around forty three thousand five hundred dollars per bitcoin as i'm making this video now it is august 7th it's late at night but i will be putting this video out for you tomorrow morning on sunday and we are coming off of a high of 64 800 a few months ago which is normal for any commodity even like gold or oil but we're up over the last year and that's how bald guy measures things by the way over long periods of time and as you can see we are up 32 200 per bitcoin or 285 percent versus where we were a year ago today with bitcoin adoption rates growing in fact tripling the last year how much do i think people should own and what would that cost them today in fiat currency here it is this is the absolute minimum per person i would urge any of my friends or family to secure themselves with today it guarantees in my opinion that you get at least your fair share of bitcoin in the future that's 0.0024 bitcoin and for those of you who are new to bitcoin yes you can buy small fractions of bitcoin you do not need to buy a whole one and that amount i recommend costs about 104 dollars now if you're wondering how i got that number exactly here's the breakdown i took the total population of the world and tried to estimate the number of people who participate in the financial system now and have a high likelihood of continuing to do so over the next 10 years so my method here is that i included everybody from ages 20 to 59 years old as participants in the financial system today and assuming that they will be participants in the financial system 10 years from now for people under 20 or from 60 to 79 years old i have estimated that approximately 50 of those people will be participating in the financial system over the next 10 years people who are above 80 years old i'm not including in the calculation because what i'm trying to do with this is i'm trying to figure out exactly how many people we are in competition for to collect bitcoin so the total amount of people i've come up with as you can see there is 5 billion 859 million people the next thing i did was i tried to determine exactly how many bitcoins we're all competing for for that i consulted kane island a leading company in blockchain analysis where bitcoin exists and this is their take which i can say is probably the most credible from all the sources that i checked on the internet here i'll pull it up for you as you can see of the total 21 million bitcoin that can exist only 14 million bitcoin will ever circulate due to the rate at which coins are lost now what does that mean that a coin is lost basically what we're talking about is somebody has either forgotten their pin their password their key to their bitcoin or sometimes in very sad circumstances people lock up their bitcoin and sadly pass away and they don't have any access to their bitcoin anymore that is why in this calculation we will estimate that approximately 7 million bitcoin are out of circulation forever meaning that we are competing against everyone for 14 million bitcoin now that we've established how many people are competing for bitcoin right now and how many bitcoins there actually are the next step was to do the following calculation as you can see the total number of bitcoins 14 million divided by the total of number number of people i assume are competing for those 14 million bitcoin and the answer to that calculation is zero point 0.002 for bitcoin which is the amount of bitcoin i think every person should have as a minimum in order to secure their fair share of bitcoin and if you're skeptical about bitcoin or think it will never do anything well in your shoes i would ask myself if all it costs to buy bitcoin insurance let's call it and get my fair share of bitcoin today and if that cost is only 104 maybe i should at least consider it just check out this table of what it will cost you to get your fair share of bitcoin at different price levels as bitcoin increases in value over time as you can see at today's price it will cost you 104 dollars once we reach near the previous high around 60 000 that cost will go up to 144 u.s dollars once bitcoin reaches 100 000 the cost to secure your fair share of bitcoin will be 240 250 dollar bitcoin will cost you six hundred dollars for your fair share once we reach four hundred seventy six thousand one hundred ninety dollars that number is really important i'll explain why in a moment the cost of your fair share of bitcoin will be one thousand one hundred forty three dollars and once we reach one million dollars we're talking about two thousand four hundred dollars in order to secure your fair share of bitcoin so to get your fair share it's still affordable today for most people and the reason for that is because it's still early in fact not even five percent of the world's population has adopted bitcoin yet but that number is growing quickly this article from bitcoin.com uh which i'll link up in the description illustrates the data showing that there are now 221 million people worldwide who have adopted cryptocurrencies assuming every single one of those people owns a little bit of bitcoin which we know it's less than that but for the argument's sake let's say so that means only 3.8 percent of people who are competing for bitcoin have actually bought it so far so if you buy it now that means you are still early to the game now if you notice in that table where i showed the prices let's bring it up for a moment again okay you'll see i specifically highlighted the bitcoin price of 476 190 but why did i do that that's because a lot of experts in assets and commodities including myself see bitcoin as digital gold and as the world becomes more digital it becomes imperative to own some with the total value of the world's gold estimated to be around 10 trillion us dollars today those experts i mentioned earlier expect bitcoin's total market cap or the price for all bitcoins to reach the same level as gold while it continually rises as the dollar inflates that means 10 trillion dollars divided by 21 million bitcoins in existence gives you a 476 190 per bitcoin price as a conservative long-term estimate considering that there are only 14 million bitcoins circulating circulating as i said before so since i like to be thorough here are the three experts i am referring to that see things developing the way i've just explained them number one is robert kiyosaki real estate investor and author of rich dad poor dad i'm certain that many viewers here are familiar with robert kiyosaki paul tudor jones he's an american hedge fund manager he's also an investing legend for deals he made during the stock market crash in the 80s and he's a billionaire max keiser former stockbroker broadcaster filmmaker and early bitcoin adopter many of you may recognize him from rt which is russia today there's a big youtube channel check him out if you don't know what's funny about these three is not only have they done well holding real gold they are also doing well holding digital gold because they accept the digital reality that will allow bitcoin to take its place next to gold as a store of wealth so now that we've covered the minimum of what i think you should hold in bitcoin and why i think it's important to have it let's cover what you need at different income levels in order to secure yourself why i think this exercise is important is simple and it's all based on this calculation let's pull it up if you look at how many bitcoins there are per millionaire in this world you'll understand that the number is actually small with 14 million bitcoins in circulation and approximately 56 millionaires in the world there is only there are only 0.25 bitcoins per millionaire now that means if bitcoin becomes a serious store of wealth as i expect and as many experts expect it to become every millionaire just to secure their current share of wealth in the world will need to own this amount of bitcoin 0.25 bitcoin so what does it look like for people at different income levels please note that i started my scale from the average annual world salary which is eighteen 18 000 a year as reported by bbc my estimation is that most of my viewers are within this range if not higher or even much higher so let's pull up the image so if you are making less than 18 000 per year i think you should hold your fair share of bitcoin which is 0.0024 bitcoin which costs today 104 dollars if you're making between eighteen thousand and thirty thousand dollars a year that number goes up to zero point zero zero four the next bracket as you can see brings you us to zero point 0.008 which would cost 348 dollars today the next bracket 60 000 to 90 000 we're talking 0.012 bitcoin 522 today ninety thousand to one hundred twenty thousand dollars per year we're talking zero point zero one six bitcoin which would cost six hundred ninety six dollars today if you're making more than two hundred fifty thousand dollars per year i personally think you should hold at least 0.0333 bitcoin which would cost 1 450 today and if you're making more than 1 million dollars per year the minimum i would personally hold is 0.13 bitcoin which would cost 5 800 today these numbers as i see it ensure that you will be able to secure enough bitcoin as an insurance policy in case it becomes what many experts believe it will become that said i think if you're not a millionaire today striving for that 0.25 bitcoin which is millionaire level bitcoin according to the math could put you in a position in the future to significantly change your life situation the cost of that today would be 10 875 and i know it's a lot of money again this is not financial advice this is just food for thought because from where i'm sitting accumulating that much bitcoin could seriously be life-changing for many people if you've made it this far and got all that information in your head congratulations and thank you before i leave you i will beat a dead horse as i do in a lot of my videos i'm gonna pull up the graphic now uh and i'm sure that if you've seen my earlier videos you must be familiar with this graphic already this shows the money supply i should probably update it as i know that there's been some increase in the official numbers lately but i think this illustrates what is happening in general very well uh the the supply of money is growing at a rate that is now out of control it cannot be stopped because if governments stop inflating their currency it will halt the economy as they have structured it therefore keeping your hard-earned money in the bank only means that it will decrease in value the bald guy way is to convert your cash into assets like bitcoin like real estate like gold like silver and even some stocks why do i do that why is that the bald guy way it's because they appreciate in value as the value of the dollar and every other fiat currency out there goes down thus saving the fruits of your hard work from the evils of inflation please remember to hit the like button if you want to recognize all the hard work i put into this video and please also subscribe if you enjoyed this video and are interested in seeing other videos like it in the future as always i wish you happiness i wish you success and i hope to see you in the next one arigato