Interesting stat: globally today there are 46.8 millionaires. There will only be 21 million BTC ever mined. There have been 18.5 million BTC mined so far.

The last BTC is expected to be mined in 2140. There have been ~4 million BTC permanently lost for various reasons (mostly what you mentioned).

Anyway, that leaves about 14.5 million BTC available right now. That’s enough for .31 BTC per existing millionaire if it was evenly distributed among them.

But already, lots of individuals and corporate investors have scooped up more than .31 each. Some have scooped up thousands or hundreds of thousands each. All of that makes the .31 available per millionaire lower. IOW, on the supply side, there’s not that much BTC to go around and demand is increasing.

Some people are throwing around .28 BTC as the figure you would need to be wealthy 10+ years from now. I don’t know how that number was arrived at but it’s out there.

Also, ya, BTC might go lower a year from now. But given the dramatic increase in money supply due to covid and the amount of institutional adoption, it’s beginning to look unlikely. Forecasts for BTC price a year from now range from zero from guys like Peter Schiff up to $320K from CitiBank. Some are suggesting (like the Winklevoss twins) that 10+ years from now BTC could hit a million dollars plus per coin.

I’d take the odds on getting half our pay in BTC. Not that it’ll happen, but it’s a nice thought.

 

There's plenty of business travel on SWA. A friend of mine works for a large non-profit and travels exclusively on SWA. She has a huge number of points and gets free leisure travel all the time.

There's more non-elective (business) travel on SWA than folks imagine and SWA values these customers. My friend has been to SWA sponsored focus groups and the like, where they clearly are trying to figure out how to improve the product for these valuable customers.

Spot on correct.

 

If only you could show a picture. .


$$$$$$$$$$$$$$$$$$$$$$$$$$$$

 

Spirit Airlines enters the chat

 

I enjoy seeing these particular business people travel.

 

Yes.
Burbank is the perfect setup. Weather usually allows cockpit windows to remain open, boarding ramp goes by said window at chest level. "Entertainment industry" professionals commute to work for a 3 Day LAS trip just like a lot of airline employees do.

 

God bless them, each and every one.

 

I'll never forget my first Friday afternoon BUR-LAS leg. The Captain told me I should get up and greet the enplaning passengers while he carried out my pre-flight preparations. I thought it a bit odd but did as requested. Upon sitting back down after boarding was complete I asked the natural question: "Hookers or dancers?" The one word answer was yes!

 

What a cappy.

 

In my experience, 99% of 'em are as cool as this story.