It should be noted that the day before the topic of Bitcoin popularization was commented by another well-known representative of the cryptocurrency community in the person of developer Jameson Lopp. He believes that BTC is capable of becoming globally known and reaching people who have not previously interacted with crypto. However, it will take some effort.

According to Lopp, cryptocurrency wallet interface should be made more understandable for regular users-beginners, on top of that the developers need to work on introducing more ways to buy coins. Read more about the expert’s interesting point of view in a separate article.

What will happen to Bitcoin in the future

The number of wallets with balances over 1 BTC has been steadily increasing since mid-2021. Moreover, even the serious decline in the cryptocurrency market last year had almost no impact on this trend. As analysts point out, it has only accelerated it.

Whereas at the beginning of 2022, the number of the aforementioned wallets exceeded the 814,000 unit mark, by the end of the year the figure reached the 978,000 unit mark – an increase of almost 20 percent in 12 months.

The process of hyperbitcoinization will make buying one bitcoin a luxury, Beck believes. Already, investors are actively buying up the available supply of the cryptocurrency, so soon the impact of what is happening will also be felt in the context of BTC value.

Here’s a quote from the Blockstream executive on the matter. The expert’s remarks are cited by Cointelegraph.

If each of the 10 million people try to buy 1 BTC within a few years, the price of the cryptocurrency could become unaffordable. And many current Bitcoin holders are not selling their coins. That is, those who now own at least 1 BTC may buy even more Bitcoins in the future.


In the end, it all boils down to the prospect of a marked increase in the value of the first cryptocurrency. And that makes sense, because Bitcoin's maximum supply is limited to 21 million coins, and the rate of new BTC issuance drops by half every four years. Accordingly, an increase in demand for such an asset could quite predictably affect its price.

However, sometimes some BTC enthusiasts expect too much from the cryptocurrency. For example, a hit this spring was the controversy between investor and former Coinbase cryptocurrency exchange Balaji Srinivasan. He twice bet a million dollars each that BTC could supposedly increase in value to just one million within ninety days - that is, by mid-June. In early May, however, Balaji voluntarily backed out of the bet. Apparently, he realized the fallacy of his own belief, but the story still played its role as a PR.


Back advised his followers on Twitter to be quick about it – he thinks every investor should make a goal to accumulate at least 1 BTC now. Given the cryptocurrency’s growing popularity and long-term scarcity, that’s enough coins to make a nice fortune in dollar terms in the future.

Of course, this statement should not be taken as a financial recommendation, because Beck does not have the authority to make such a statement. Although, as the previous BTC growth results show, such advice can indeed be useful.

It is important to understand that in practice owners of wallets with at least 1 BTC may be less than a million. Still, one person can own an unlimited number of wallets and divide their own cryptocurrency capital between them for extra security. However, the trend in any case points to the growth of such owners.

In this situation, the lost bitcoins should not be forgotten either. It is impossible to determine their exact number, but according to some estimates, the figure has already surpassed the one million BTC mark. In other words, every day there is less and less cryptocurrency available for purchase on the market. In the long term, this will be a serious basis for a positive price performance.

We have clarified the latest data: as of today, 2.82 million bitcoins have not moved in at least a decade. Apparently, there are plenty of coins in wallets among them, access from which has been permanently lost.

That said, relatively poor investors are also actively hoarding. According to Glassnode, owners of addresses with less than 1 BTC now own a record number of coins, we are talking about 1.31 million bitcoins. On top of that, the figure is increasing by an average of 26 thousand BTC per month, which is also near the all-time high.

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At the same time, there are areas of stagnation in the Bitcoin ecosystem. One of them is the number of cryptocurrency wallets “whales”. It started declining rapidly in the middle of last year and now shows no visible signs of growth. According to Glassnode, this category of market players includes investors whose balances are between 1 and 10 thousand BTC.

Today, the number of wallets from this category is 117 units. A significant portion of them may belong to exchanges or other large crypto industry platforms.


We think that Adam Beck's opinion is really worth listening to, because he has been associated with Bitcoin almost since the early days of the cryptocurrency, which means that he also has a lot of understanding of the scale of this phenomenon in the future. Obviously, sooner or later, more and more people will realize the benefits of a decentralized asset with a limited supply and a fixed issuance rate. However, by then there may not be enough BTC available for everyone who wants it.