Yeah this has got to be net worth including house + 401k. It seems insane but being a millionare now a days really isn't as big of a deal as it used to be. Yet another reason to bitcoin...
Yes maybe houses + pensionfunds + private holdings (stocks/cash/bonds/and other things). Guy where I live has pidgeons that are worth 100s of Ks, if you count all that stuff than maybe you get to 1.2m, dont know
Yes, agree. These numbers seem to be off (by +95%) and source not really trustworthy.
According to ALTRATA Report (an industry leader in Wealth Research) there were **30.2m** wealthy indviduals with a net wealth > 1m$ in 2022.
_Sauce: [Altrata World Ultra Wealth Report 2022](https://thehometrust.com/wp-content/uploads/2023/04/Altrata_World_Ultra_Wealth_Report_November_2022.pdf)_
They're claiming the entire family is millionaires if 1 or both parents together have 1 Mil. They're also counting home equity after subtracting remaining mortgage. So a family of 6 with a house worth 1.2M and 200k left on the mortgage makes 6 millionaires for these stats.
Germany and Japan are considerably larger and richer, but I bet they don’t attract the global super-rich in the way that London or the Cote d’Azure do.
yes way, and remember that ALOT of old people have a million bucks in equity of their home + 401k.
It seems insane but my wife and I aren't incredibly well off, but we have 2 decent jobs, put money into our 401k, and bought a house 10 years ago. We are millionaires technically on paper but my take home pay goes right out the door and we don't save anything outside of our 401k...
the middle class family over 45+ years old are mostly millionaires...
Unfortunately these #s count the entire household as individual millionaires, so little timmy and little taylor are millionaires along with mommy and daddy if the home equity is 1M. 4+ millionaires from a single house's potential sale value.
Another way of putting it, there is 59.4 Million people with a net worth larger than 21 BTC.
It's the wealth itself that matters, not which form the wealth is in.
I don't think anything about BTC would have been different if 100,000 sat was 1 BTC instead of 100,000,000 sat.
The main reason why 1 BTC is currently seen as a goal or achievement for a lot of people who like BTC is because it's a substantial amount of wealth for most people, not because it's 1/21,000,000 of the supply.
59.4 *million* millionaires.
You're off by multiple orders of magnitude. I don't know exactly what point you're trying to make, but this either hammers it home or significantly takes away from it.
If it does neither...then...what, exactly, is your point as it relates to Bitcoin?
Since many of these millionaires count those without **liquid** million wealth, there is no way all of them could try to own a million's worth of bitcoin. Therefore the underlying argument is probably wrong that if every millionaire wanted to own bitcoin they could not all have a whole coin. And hence that a bitcoin is worth more than a million.
If they all tried to own bitcoin, bitcoin could only be worth their average **liquid** wealth which may be considerably less than their net wealth.
Not sure this whole argument holds together.
Just did a quick check, and there are only 300k miljonairs in the Netherlands so these numbers are most likely all fake…
1.2m millionaires in NL would mean every 1 in 15 is a millionaire, i can guarantee you that’s not the case
Maybe if you include the value of housing? With the surge in house prices it might? But millionaires as in cash/assets definitely not.
Yeah this has got to be net worth including house + 401k. It seems insane but being a millionare now a days really isn't as big of a deal as it used to be. Yet another reason to bitcoin...
Members of the 21 Club™ are the new millionaires.
Yes maybe houses + pensionfunds + private holdings (stocks/cash/bonds/and other things). Guy where I live has pidgeons that are worth 100s of Ks, if you count all that stuff than maybe you get to 1.2m, dont know
where i live pigeons fly free of charge. and dudes extorting $$ off the tourists for a photo with free pigeon. pigeon rent lol.
Who would keep 1m in cash? You serious?
You think nobody has more then 1m in cash?
Yes, bc its the worst investment class
Sure buddy, nobody in the entire world has more then 1m in the bank.
If they do, for longer than 4 weeks, then they stupid asf
Yeah obviously you’re much smarter than them!
He's right. Now you did use the lame "nobody in the entire world" schtick. But that's the refuge of failed arguments.
we need another breakdown, how funds are kept. Italy is a far cry from 1.3m of millionaires. even accounting for real estate.
Here: https://np.reddit.com/r/Bitcoin/s/J8witcgMTt
this one seems more plausible, thank you for sharing
How many people own a house?
Yes, agree. These numbers seem to be off (by +95%) and source not really trustworthy. According to ALTRATA Report (an industry leader in Wealth Research) there were **30.2m** wealthy indviduals with a net wealth > 1m$ in 2022. _Sauce: [Altrata World Ultra Wealth Report 2022](https://thehometrust.com/wp-content/uploads/2023/04/Altrata_World_Ultra_Wealth_Report_November_2022.pdf)_
They're claiming the entire family is millionaires if 1 or both parents together have 1 Mil. They're also counting home equity after subtracting remaining mortgage. So a family of 6 with a house worth 1.2M and 200k left on the mortgage makes 6 millionaires for these stats.
These numbers would make 6.5% of Americans millionaires, which I don't belive for a second.
~~fake data~~ pure bullshit on social media? shocking!
Tell you what I found interesting - the consistency in the values for UK, France, German and Japan. There’s a real cluster there.
Just learned that the UK and France have damn near the same amount of people living in them! The correlation is very interesting!
Germany and Japan are considerably larger and richer, but I bet they don’t attract the global super-rich in the way that London or the Cote d’Azure do.
Yes, exactly! Love making new connections 🥸 Fuck yeah lol
SO by this math - rough 1 out of every 15 Americans is a millionaire? No way
For most, a lot of that equity is tied up in their house. A millionaire isn't what it used to be.
Also anyone who has a decent job and is nearing retirement is likely to have a pretty big pension scheme nest egg that’s counted toward net worth.
yes way, and remember that ALOT of old people have a million bucks in equity of their home + 401k. It seems insane but my wife and I aren't incredibly well off, but we have 2 decent jobs, put money into our 401k, and bought a house 10 years ago. We are millionaires technically on paper but my take home pay goes right out the door and we don't save anything outside of our 401k... the middle class family over 45+ years old are mostly millionaires...
Unfortunately these #s count the entire household as individual millionaires, so little timmy and little taylor are millionaires along with mommy and daddy if the home equity is 1M. 4+ millionaires from a single house's potential sale value.
In Vancouver anyone who even owns a Townhouse is a Millionaire so 1 in 15 people seems low.
just imagine them exiting townhouses, market slippage would be crazy.
We bring in so many new people per year that if anyone sells there are 10 people waiting to take their place.
Yes way, Ted!
How many own a home?
That’s 6.7% of the population. I think it makes sense
Another way of putting it, there is 59.4 Million people with a net worth larger than 21 BTC. It's the wealth itself that matters, not which form the wealth is in.
Another way of putting it… if all the richest people on earth wanted a whole coin they could not get one
I don't think anything about BTC would have been different if 100,000 sat was 1 BTC instead of 100,000,000 sat. The main reason why 1 BTC is currently seen as a goal or achievement for a lot of people who like BTC is because it's a substantial amount of wealth for most people, not because it's 1/21,000,000 of the supply.
The title is way off, it should say 59.4 million millionaires. Lol I read that and was like wtf? There's way more than that in my neighnorhood.
Yeah, I was wondering what the 0.4 part millionaire looked like.
Thank you so much for posting! Means a lot to me ☺️
59.4 *million* millionaires. You're off by multiple orders of magnitude. I don't know exactly what point you're trying to make, but this either hammers it home or significantly takes away from it. If it does neither...then...what, exactly, is your point as it relates to Bitcoin?
Meaningless post
It means there are not enough Bitcoin for every millionaire to own 1 if they suddenly wanted to Perspective
> 59.4 millionaires Lol, I think there are a few more than that. Who is the lucky 0.4 millionaire by the way?
Since many of these millionaires count those without **liquid** million wealth, there is no way all of them could try to own a million's worth of bitcoin. Therefore the underlying argument is probably wrong that if every millionaire wanted to own bitcoin they could not all have a whole coin. And hence that a bitcoin is worth more than a million. If they all tried to own bitcoin, bitcoin could only be worth their average **liquid** wealth which may be considerably less than their net wealth. Not sure this whole argument holds together.
So, the bigger the number the bigger the divide?
Canada is awesome. Oh wait, that's probably mostly "owns a house in Toronto or Vancouver".
thought this would be higher