Bitcoin Goes Beyond Simple Investment

There are currently about 62 million millionaires worldwide, and about 40 new millionaires are being created every day.

According to a UBS report, more than 3,000 new millionaires are expected each day. Where the millionaire ratio used to be 1 in 1,200, it has now grown sharply to 1 in 150.

Bitcoin's total supply is fixed at 21 million coins, a value that cannot be diluted at will.

Accordingly, 1 million sats (0.01 bitcoin) is proposed as a new measure of wealth that avoids currency dilution, and the argument is that wealth scarcity should be measured by bitcoin holdings.

Only about 120,000 wallets currently hold bitcoin worth 1 million dollars.

That makes holding 1 million dollars in bitcoin more than 500 times rarer than becoming a dollar millionaire, and once duplicate wallet holdings are considered, the actual number of holders may be even smaller.

This means not everyone can hold 1 million sats; roughly one in three or four people could become a 1-million-sat holder.

The bitcoin market has now entered its second decade, the era of institutions. As about 200 listed companies began buying bitcoin, roughly 6% of total bitcoin supply has come to sit in institutional hands.

Since the 2024 halving, only about 450 bitcoin are newly mined per day.

Yet listed companies are buying nearly four times that mining output, and the United States holds about 328,000 bitcoin while China holds about 150,000. Starting with El Salvador, government purchases are expected to rise within the next four to five years.

AI is analyzed as potentially acting as a powerful deflationary tool within an inflationary monetary system.

To conduct economic activity in a fast-moving digital world, AI agents need money that can operate 24 hours a day, 365 days a year, without anyone's permission.

Ultimately, AI is expected to pursue efficiency and choose bitcoin on its own, which would further raise bitcoin's monetary value.

Global debt totals about 353 trillion dollars, real estate about 330 trillion, bonds about 145 trillion, and equities about 110 trillion.

By comparison, the bitcoin market is very small even next to the gold market (about 22 trillion dollars), standing at less than 1% of global assets, showing it is still in an early stage.

Physically auditing all the gold stored at Fort Knox could take roughly 18 months to two years.

Bitcoin, by contrast, can verify its entire supply in about 10 minutes, and its fixed supply of 21 million coins highlights both its verifiability and its scarcity.

There are about 62 million millionaires worldwide, but only around 48 million wallets hold more than 1 dollar's worth of bitcoin in cold wallets.

The fact that people have moved from holding no assets at all to beginning to own bitcoin is itself an important starting point for mass adoption.

Fiat currency can be expanded without limit, whereas bitcoin's supply is fixed at 21 million, making its scarcity clear.

As demand from companies, institutions, and governments grows and new economic actors such as AI emerge, demand for bitcoin is expected to increase further.

Therefore, rather than predicting bitcoin's price, the strategy of moving labor value into an asset that cannot be diluted is what matters; changing the yardstick from price to quantity can change how one perceives an asset's value.

Offline interaction within the bitcoin community provides positive energy and momentum that lead investors to decide on long-term holding. Communication at conferences serves as an occasion to confirm bitcoin's growth and future direction, and through this, bitcoin is defined as a global financial protocol akin to the internet or mathematics.

Offline venues like conferences help confirm the growth and direction of the bitcoin community, and provide the positive energy and momentum to keep holding bitcoin.

More than 40 speakers will take part, including overseas developers, human rights organizations, and wallet company representatives from diverse fields. Subscribers to the Respect channel will receive a 15% ticket discount code.

Whereas about 800 people attended over two days last year, this year's large-scale conference is expected to draw about 2,000 attendees, held on November 7 and 8 at COEX and Myeongdong in Seoul.

More than 40 speakers, including overseas community builders, developers, and experts, will take part in in-depth discussions.

Following last year, a US human rights organization and the CEO of Wallet of Satoshi, a Lightning wallet used worldwide, will return with their staff.

Experts from diverse fields will speak, including a visiting team from the bitcoin project funding platform Open Starts, a quantum computing cryptography specialist, and representatives of domestic bitcoin companies. The host (Respect) will also take the stage as a speaker.

Conference tickets can be booked through the site linked in the pinned comment under the video, and students can enter for free. General tickets come in three types.

For Respect channel subscribers, premium and general tickets are offered at 15% off for the first 100 buyers. Enter 'Respect' in the discount code field at checkout to apply the discount.