2c99c4fd-c5f4-4607-ac1b-096f56efbb8b is it better to be a millionaire or own 1 bitcoin plus how i do
Newsletter by Chris Larsen (published March 1, 2025) discussing recent Bitcoin price retracement (~20%), historical drawdowns during the 2016–2017 bull cycle, and the argument that owning 1 Bitcoin ('wholecoiner') can be preferable to being a fiat millionaire due to Bitcoin's fixed supply/scarcity. The piece cites estimates that ~21 million BTC exist total, ~12 million are circulating (accounting for lost/not-yet-mined coins), and notes ~58 million fiat millionaires worldwide—arguing scarcity will increase upward price pressure as individuals, institutions, and even nations adopt Bitcoin. The newsletter also lists recent Bitcoin news items, references Plan B's price predictions, and offers links/resources on dollar-cost averaging and accumulation strategies during dips.
Questions this document answers
March 1, 2025
Slightly over 20% retracement
21 million BTC total (hard cap)
About 12 million BTC circulating (per the newsletter's claim)
About 58 million millionaires worldwide