TL; DR
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Thanks to the recent rise in the price of Bitcoin, there are now over 8 million individual Bitcoin wallets holding $1k USD or more worth of Bitcoin (a new record!).
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The more purchasing power something can give to a greater number of people, the better it is for the world.
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And right now, there are 8 million people with $1,000 worth of Bitcoin purchasing power at their disposal – purchasing power that they it didn’t a month ago.
Full story
This feels like a random statistic… but it might be worth getting excited about:
Thanks to the recent rise in the price of Bitcoin, there are now over 8 million individual Bitcoin wallets holding $1k USD or more worth of Bitcoin (a new record!).
…ok, that’s cool and all, but what does it actually indicate?
In the simplest/purist sense, these data support the idea that:
The more purchasing power something can give to a greater number of people, the better it is for the world.
For example, if a company can grow (and gradually gain more employees), it will distribute more purchasing power to more people as it grows.
(More purchasing power, for more individuals = more financial freedom/personal autonomy, for more people).
Long story longer: ‘more money in everyone’s pocket’ is a message that appeals to almost everyone.
And right now, there are 8 million people with $1,000 worth of Bitcoin purchasing power at their disposal – purchasing power that they it didn’t a month ago.
It’s not exactly front page news, but it is a milestone worth celebrating!
Because the more wealth Bitcoin can bring to a greater number of people, the greater its impact on the world will be.
