With the current size of Bitcoin, it is possible that, in theory, one person could buy all of the BTC in circulation.Since Bitcoin is still relatively young, the market around this cryptocurrency with a total size of $ 160 billion is still quite small.
It was Anthony Pompliano, the co-founder and partner of Morgan Creek Digital, who brought up the possibility in a recent tweet. He referred to the immense wealth of the investment legend when he tweeted:
“Warren Buffett has $ 137 billion. That’s almost enough to buy every bitcoin in circulation. “
This could happen – in theory
Although this could theoretically happen, it would depend on everyone selling their Bitcoin at the current cryptocurrency price – a way that ignores the principles of supply and demand. It wasn’t long after Pomp caught the attention of Binance’s CEO, Changpeng Zhao, who doubted that such an action could succeed:
“Mathematics is deceptive here. It is only true if EVERYONE who holds Bitcoin is willing to sell at the current price, which is obviously not true as there is no 21 million BTC sales wall. Unfortunately, Mr. Buffet will only be able to buy a small portion of the bitcoins, and at very high prices. ”