Coinbase CEO: ‘Owning One Whole Bitcoin Will Increasingly Become a Big Deal’

Siamak Masnavi

One idea/meme that's been circulating through Crypto Twitter over the past few days is that owning even Bitcoin (BTC) will become "a big deal" in the future due to Bitcoin's fixed supply limit of 21 million coins.

One of the first crypto influencers to comment on this last week was Bitcoin advocate/pioneer Charlie Shrem, who pointed out on August 23 that due to the fact that an estimated three million bitcoins have been lost forever, there are only around 18 million bitcoins currently in circulation:

Then, the next day, Coinbase CEO Brian Armstrong, said that since the total number of Bitcoins that will ever get mined is 21 million and some people already have own "much more" than one bitcoin, the significance of owning even a single bitcoin would only increase in the future:

As you can see, interestingly, Armstrong's tweet links to an article that asks if Bitcoin's scarcity makes it -- much like a limited edition Birkin bag from luxury fashion Hermès -- the next "must have" item. 

And then on August 25, Changpeng Zhao (aka "CZ"), Co-Founder and CEO of Binance, further highlighted Bitcoin's scarcity and value when he explained that, in Bitcoin terms, even owning one bitcoin puts you in the top 0.3% percent of the world's population:

Steve Lee, the head of Square Crypto, replied to CZ by retweeting one of his tweets from 2 October 2018, when he had said that even HODLing 0.28 BTC makes you "a 1%er in a future Bitcoin world":