The scarcity of Bitcoin will increase as more investors and institutions will continue to accumulate the currency. According to Steve Lee, product director at Google, you’d only need to get 0.28 BTC to be part of the 1% in the future Bitcoin world. That’s what Lee told on Twitter. Right now it would require an investment below $2000 to buy that amount.
The hard coded maximum supply of Bitcoin is 21 million. But according to Chainanalysis, a blockchain research company, it’s estimated that 4 to 6 million BTC has been lost forever. This would also mean that the number stated by Lee, can be a bit lower because the actual market cap of coins that are actively in circulation is well below 21 million coins.
If price predictions from analyst and venture capitalists are accurate, the investment to be part of the 1% will only increase. Gavriel Shaw from Bitcoin.com expects BTC to hit $10.500 in January 2019, while gaming platform Ultra’s CEO David Hanson things $8500 is more likely. Others estimate the coin will be anywhere between $10.000 and $25.000, with some even estimating $150.000.
In the end, the price of bitcoin will always be closely tied to real world events. When people and commerce start accepting BTC more and more, demand will increase. This, in turn, will increase value.