21 Bitcoin (BTC) is now worth over one million dollars, but which would you prefer to have?

Bitcoin has rallied 8% today, breaking $54k resistance for the first time since mid-February. As pointed out by @DocumentingBTC, owning 21 BTC now makes you a millionaire in U.S. dollar terms.

Responding to this, Bitcoin-bull Willy Woo said he would prefer to have 21 BTC over a million dollars. His reasoning comes from a belief that the ratio of BTC to $1mn will lower over time, making this choice the smart play to make. Especially so, taking into account its fixed supply and the number of lost coins, which will likely increase in the future.

46.8m millionaires in the world (2019 figure), only ever gonna be 21m bitcoins, and 17.2m that aren't already lost.

That's easy maths, I'd rather have the 21 BTC than a million dollars. https://t.co/tXowL2P3KM
— Willy Woo (@woonomic) March 9, 2021

The number of Bitcoin millionaires is poised to increase

The words Bitcoin and millionaire, while not synonymous, still have a strong association.

Data from bitinfocharts shows that there may be as many as 100,000 people who have the equivalent of $1mn or more in Bitcoin. CBS News noted that the growth of Bitcoin millionaires had jumped exponentially, particularly from a year ago.

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