El Salvador’s President Nayib Bukele has once again made waves in the crypto world. In his latest post on X, Bukele reminded the public of what he calls “simple math” that could trigger a massive future surge in Bitcoin’s (BTC) price.
He pointed out that there are currently more than 50 million millionaires worldwide, while Bitcoin’s total supply is capped at just 21 million coins — and not all of them are in circulation. Estimates suggest that around 3–4 million BTC have been permanently lost due to forgotten private keys or inaccessible wallets.
💬 Bukele wrote:
> “Imagine if every millionaire wanted at least one Bitcoin — there wouldn’t be enough for even half of them.”
With this scarcity logic, Bukele insists that buying pressure from the ultra-wealthy is only a matter of time. Once the race to accumulate BTC begins, prices could skyrocket to levels beyond imagination.
Why Bukele is So Confident
🔹 First-Mover Advantage – El Salvador became the first country to adopt Bitcoin as legal tender in September 2021. Since then, the government has accumulated thousands of BTC through routine purchases and proceeds from “Volcano Bonds,” a program leveraging geothermal energy for crypto mining.
🔹 Long-Term Vision – Bukele sees Bitcoin as both “insurance” against U.S. dollar inflation and a magnet for foreign investment. Data from El Salvador’s Ministry of Tourism shows a spike in international visitors post-BTC adoption, many from the global crypto community.
🔹 Halving Momentum 2024–2025 – The most recent Bitcoin halving cut miner rewards to 3.125 BTC per block, further tightening new supply. For Bukele, this is a “trigger” that could intensify the battle for available coins.
Quick Analysis
In theory, Bukele’s argument makes sense. Bitcoin’s fixed supply means it’s highly sensitive to large-scale buying from institutions or wealthy individuals. If even a fraction of the world’s millionaires decided to allocate part of their wealth into BTC, the effect could be dramatic.
However, market psychology, global regulations, and volatility will remain key variables. A price explosion is possible — but its timing is uncertain. As the crypto community often says: DYOR (Do Your Own Research) and NFA (Not Financial Advice).
📌 Conclusion:
Bukele isn’t just talking; he’s taking action. With aggressive pro-Bitcoin policies, El Salvador is betting its image — and part of its economy — on this digital asset. Whether the world’s millionaires follow the scenario he envisions remains to be seen.