If 21 million bitcoins were evenly distributed to the world's 7.8 billion people, how much would each person get?

As we all know, Bitcoin is one of the most scarce assets in the world. But have you ever wondered how scarce this largest cryptocurrency by market capitalization is?

Screen Shot 2020-02-28 at 9.32.54 AM (Image source: pxhere )

Bitcoin has a lot of room for adoption

Imagine that if one day a new global system pops up and rules the world through a different institution, everyone is equal. What's more, this new institution will treat Bitcoin as a legal currency and distribute it to everyone. Although this runs counter to the nature of Bitcoin's decentralization, if the global population owns Bitcoin, how many coins can each person receive?

According to Worldometer data, the world's population is currently close to 7.8 billion and the supply of Bitcoin is 18,240,387. This means everyone will end up with 0.00233851 Bitcoin or 233851 Satoshi. Considering that the current price of bitcoin is around $ 8,845, the bitcoin price allocated to each person is about $ 20. Pitifully little money for everyone, right? This shows that Bitcoin still has a lot of room for adoption.

According to the bitcoin distribution map, there are currently more than 21 million addresses containing bitcoin worth at least $ 1. This accounts for only 0.27% of the world's population.

Of course, there are still a lot of newly mined Bitcoins every day. It is estimated that by 2140, 21 million bitcoins will be in circulation. By that time, the world's population is expected to reach 10.8 billion. This means that everyone will get 0.00194444 Bitcoins or 19444444 Satoshis.

The above statistics actually ignore companies, legal persons, institutional investors, governments, and various organizations that may own Bitcoin. If the imaginary "world government" also issued bitcoin to businesses and legal entities, then each entity would receive much less bitcoin.

What about fiat currency?

According to no longer updated Fed data, if the US dollar was evenly distributed among the global population, everyone would get about $ 435, because the total value of all US banknotes and coins is about $ 3.4 trillion.


USD total circulation value

However, digital dollars are also included in the total dollar supply. Such as bank deposits, online transfers and all US dollars held in digital form. Therefore, we should consider its M2 supply, which is 15.5 trillion US dollars by the end of 2019. If all U.S. dollars, including the less liquid U.S. dollars, were evenly distributed, then everyone would get about $ 1990, which is 100 times the value of bitcoin that everyone mentioned earlier.

According to data from the CIA factbook, as of 2017, the total value of all fiat currencies worldwide was more than $ 86 trillion, up from $ 73 trillion at the end of 2016. Considering the speed of currency inflation, this number should exceed $ 100 trillion today. Therefore, if we evenly distribute all fiat currencies including the US dollar, Euro, British pound, Japanese yen, Australian dollar, Canadian dollar, and any other currency to the global population, each person will receive at least $ 12,800.