Less Than 1 BTC Might Be Enough to Retire: Here’s Why
Main Idea
A model by researcher 'Smitty' estimates the amount of Bitcoin needed to retire by 2035, varying by country, with projections suggesting BTC could reach $1.7 million by then, making even small holdings potentially sufficient for retirement.
Key Points
1. The model calculates retirement Bitcoin needs by country, factoring in average income, inflation, retirement age, and Bitcoin's power law model.
2. Expensive countries like the U.S. and parts of Europe may require more than 1 BTC, while many others could suffice with 0.1 BTC.
3. Bitcoin's projected value by 2035 is $1.7 million based on power law projections, potentially covering retirement needs for most people.
4. Owning 1 BTC ('wholecoiners') is rarer than being a millionaire, with only 0.01% to 0.02% of the global population holding at least 1 BTC.
5. Addresses with over 1 BTC have remained above 1 million for the past year, though this includes exchanges and institutional holdings.
Description
The question of how much Bitcoin is needed to retire has probably been asked by most investors, and recent research may now have the answer. Bitcoin researcher and investor ‘Smitty’ has created a model calculating how much BTC is needed to retire on. “Most people in most countries still need less than 1 BTC for 2035 [retirement],” he stated before adding that if retiring this year, most countries need between one and ten BTC. The model is based on each country’s average income level, adjusted fo...
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